AstraZeneca To Pay Feds $520 Million To Settle Seroquel Claims
Just out this morning in AZ’s third quarter financial results is this little whopper:
“Agreement in principle reached with the US Attorney`s Office in Philadelphia to resolve its investigations related to Seroquel sales and marketing practices. This accounts for $520 million of the $538 million provisions taken in the first nine months, $108 million of which taken in third quarter.”
I don’t have any more details on this yet, so stay tuned.
Excepting J&J/Janssen, all the makers of atypicals have agreed to settlements with the feds over illegal marketing.
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