Friday, January 29, 2010

AstraZeneca - Seroquel: remember that $520 million "settlement" with the US Attorney's Office

Well, it just went up to $524 million!

AstraZeneca faces costs of up to $1.2bn from the escalating number of legal cases brought by patients and regulators suing it over alleged improper marketing and side effects caused by Seroquel , its blockbuster antipsychotic drug that generated $4.9bn in sales last year.

In its fourth quarter, the group boosted provisions to $524m for a settlement with the US Attorney's Office investigation into sales and marketing practices of Seroquel.

More from Andrew Jack at the FT


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