Saturday, February 19, 2011
AstraZenca settles more cases related to diabetes drug Seroquel; settlements adding up to $350 million
AstraZeneca has reportedly agreed to pay another $150 million to settle Seroquel diabetes lawsuits, bringing the total amount of reported Seroquel settlements to about $350 million. According to Bloomberg News, the drug maker has settled about 6,000 more lawsuits that allege inadequate warnings were provided about the risk of diabetes and other side effects of Seroquel. The average payout will be about $25,000 per plaintiff. For more information go to AboutLawsuits.com.