pharmafileAugust 09, 2018
Tag: AstraZeneca , fraudulent marketing
The payment is broken down into two sums, with each focused on the marketing activities surrounding AZ’s two drugs and both dating back to 2013. The first and largest, totalling $90 million, concerns the company’s antipsychotic medication Seroquel, and settles accusations that it had encouraged doctors to prescribe it for uses for which it was unapproved. The second, worth $20 million, addresses concerns that the company had intentionally misrepresented the benefits of its cholesterol drug Crestor.
The payouts are a far cry from the $5 billion the state was seeking, but AstraZeneca has maintained that it had done no wrong. In a statement, the group said: "AstraZeneca makes no concessions or admissions of fault in the settlement agreements. While we deny the allegations, it is in the best interests of the company to resolve these matters and to move forward with our business of discovering and developing important, life-changing medicines – while avoiding the delay, uncertainty, and expense of protracted litigation."
These latest sums now mean that AstraZeneca has spent over $1.3 billion to settle allegations and disputes concerning Seroquel, and is yet to face another suit filed in Delaware which accuses the firm of fraudulent marketing of the drug on a nationwide scale.
--------------------------------------------------------------------------------------------------------------------------------------------
Editor's Note:
To apply for becoming a contributor of en-CPhI.cn,
welcome to send your CV and sample works to us,
Email: Julia.Zhang@ubmsinoexpo.com.
Contact Us
Tel: (+86) 400 610 1188
WhatsApp/Telegram/Wechat: +86 13621645194
Follow Us: