Request Legal Help Now - Free

LAWSUITS NEWS & LEGAL INFORMATION

Seroquel Investigation Settled for $520 Million

. By
Washington, DCAstraZeneca (AZ) has reached a $520 million settlement with the US Justice Department which will bring to an end federal investigations into the company's marketing practices for its blockbuster antipsychotic drug Seroquel.

The UK-based pharmaceutical company will also sign a corporate integrity agreement with the US federal government that relates to the marketing of Seroquel for off-label or unapproved indications, the New York Times reports.

AZ faced accusations of misleading patients and doctors about the effectiveness of the schizophrenia medication, and the associated risk for diabetes in particular. As a result of its aggressive marketing practices, the drug was prescribed to treat children and elderly people for unapproved indications. Side effects included death and rapid weight gain, prompting AZ to issue warnings about using the drug to treat elderly patients with dementia.

The settlement makes AZ the fourth pharmaceutical company in three years to admit to federal charges of illegal marketing of antipsychotic medications. However, the company still faces a reported 25,000 civil suits brought by patients who allege the company did not adequately disclose the health risks associated with the drug.

READ ABOUT SEROQUEL LAWSUITS

READER COMMENTS

Posted by

on
I was put on seroquel on the year 2003 as a sleep aid. After a couple of years i developed diabetes type 2. MY doctor took me off them with no explination. I now am a diabetic on humilin 70/30 twice a day.After reading an article about diabetes and seroquel. This week I wonder if there is any actions we can explore. THANK YOU, MIKE

ADD YOUR COMMENT ON THIS STORY

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.


Click to learn more about LawyersandSettlements.com

Request Legal Help Now! - Free