Both the new medication, Latuda, and Seroquel are part of a class called atypical antipsychotic drugs typically used for treatment of schizophrenia.
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During clinical trials, the FDA found that taking Latuda resulted in fewer symptoms of schizophrenia over a six-week period than did taking a placebo. Side effects of the new drug included drowsiness, feelings of restlessness and the urge to move, nausea, movement abnormalities such as tremors, slow movement or muscle stiffness, and agitation.
The new drug on the market comes as Seroquel's manufacturer, AstraZeneca, is facing a slump in revenue amidst lawsuits over links between Seroquel and diabetes.