Seroquel Manufacturer to Keep Settlements Confidential
Drug manufacturer, AstraZeneca Plc, the maker of Seroquel, has tentatively settled approximately 4,000 product liability cases involving the anti-psychotic but claims it will keep the terms of the agreements confidential. Astra Zeneca is a London-based company and the U.K.’s biggest drug maker. By the end of March 2010, Astra Zeneca said it was in the process of defending 10,000 Seroquel cases involving over 20,000 plaintiff groups. Most of the allegations are that Seroquel causes diabetes.
The company made about $32.8 billion in sales last year but had spent about $688 million in defending the Seroquel cases. In the first ever Seroquel case, the drug company won a jury verdict that the company properly warned doctors of a Vietnam war veteran of the drug’s diabetes risk.
If you or a loved one has been harmed by a dangerous drug, please contact the pharmaceutical liability attorneys at Schlichter, Bogard & Denton today.