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AstraZeneca Settles More Seroquel Suits


This is a settlement for the Seroquel lawsuit.

London, UK: AstraZeneca, the maker of antipsychotic drug Seroquel, has agreed to pay $150 million to settle more lawsuits that allege the drug causes diabetes.

This latest settlement should conclude some 6,000 lawsuits, each of which will reportedly be settled for roughly $25,000 a piece.

According to a report on Bloomberg, this court-ordered settlement leaves AstraZeneca facing about 4,000 outstanding Seroquel claims. Last summer the UK-based pharmaceutical company said it had resolved about two-thirds of the 26,000 suits over the drug that had been filed in courts around the U.S.

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Published on Feb-17-11


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