Pharmaceutical company AstraZeneca will pay about $198 million to settle over 17,000 lawsuits filed by individuals who developed diabetes after taking the atypical antipsychotic drug Seroquel. As you may know, Seroquel is used to treat schizophrenia and bipolar disorders. The settlements are the result of court-ordered mediation. In March, AstraZeneca won the first trial over Seroquel when a New Jersey court held that the company properly warned a veteran’s doctors about the drug’s diabetes risk. AstraZeneca had previously paid $520 million to the federal government in April and has paid over $50 million to settle almost 6,000 civil cases.
Source: Lawyers USA Online
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