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The Lilly results have fueled a wave of pharmaceutical industry research into glutamate.
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The settlement would be the largest yet in a wave of federal cases against pharmaceutical companies accused of illegal marketing, surpassing the previous record of $2.3 billion paid by Pfizer in 2009.
In 1970 Ciba and Geigy merged to form Ciba-Geigy AG, and in 1996, in the midst of a wave of consolidations and mergers sweeping the pharmaceutical industry, this company merged with Sandoz AG to form one of the largest drug companies in the world.
Monday's announcement, which did not surprise many analysts, sets up a potential confrontation between the two drug makers as the pharmaceutical industry continues a wave of consolidation.
One of the most important drivers of change in the pharmaceutical industry was a wave of patent expirations that really picked up steam in 2010.
In 2009, major pharmaceutical companies went through a wave of consolidation: Pfizer bought Wyeth for $68 billion, Merck bought Schering-Plough for $41 billion, and Roche paid $46 billion for the 44 percent of Genentech it did not already own.
After suffering a wave of patent losses on blockbuster products, which peaked two years ago, pharmaceutical firms are recovering their ability to bring new medicines to market with productivity improving.
A result was a wave of refugees.
A wave of guilt washed over me.
A wave of laudatory headlines follows.
The result was a wave of foreclosures.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com