Denmark Vesey: Drug Company Agrees To $520 Million Fine For Marketing Harmful Drug ... So Much for The Plantation MD and His 'Peer Reviewed' Studies

Thursday, May 20, 2010

Drug Company Agrees To $520 Million Fine For Marketing Harmful Drug ... So Much for The Plantation MD and His 'Peer Reviewed' Studies

Drugmaker AstraZeneca has agreed to pay $520 million to settle federal investigations into marketing practices for its schizophrenia drug Seroquel. This makes AstraZeneca the fourth big drug company in the last three years to admit to federal charges of illegal marketing of antipsychotic drugs.

The company was accused of misleading doctors and patients by spotlighting favorable research while failing to adequately disclose studies showing that Seroquel increases the risk of diabetes.

The New York Times reports that:

“AstraZeneca still faces more than 25,000 civil lawsuits filed on behalf of patients contending that the company did not disclose the drug’s risks. “

1 comment:

Anonymous said...: I believe the study you may be referencing is from 1997...and is unpublished...and more than 80% of the participants dropped out of the study...which would make the power of the study rather useless.

Is that what you are talking about?; May 22, 2010, 5:52:00 PM

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