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Freedland Russo Announces $520 Million Settlement Against AstraZeneca
Date:4/27/2010
Freedland Russo is pleased that Eric Holder, U.S. Attorney General, announced the $520 million dollar settlement of a lawsuit filed against AstraZeneca (Civil Action #04-3479; US District Court, Eastern District of Pennsylvania).
Weston, Fla. (PRWEB) April 27, 2010 -- Freedland Russo is pleased that Eric Holder, U.S. Attorney General, announced the $520 million dollar settlement of a lawsuit filed against AstraZeneca (Civil Action #04-3479; US District Court, Eastern District of Pennsylvania). The settlement announced today in Philadelphia indicates marketing practices for Seroquel included promotion of the drug by physicians participating in clinical studies and drug sales representatives encouraging doctors to prescribe for unapproved uses.
Only fifteen months since Eli Lilly agreed to pay $1.4 Billion to resolve claims relating to Zyprexa, the law firm of Freedland Russo has again proven to be tireless advocates in matters relating to the Pharmaceutical Industry (Civil Action #03943). The AstraZeneca complaint was filed in 2004 on behalf of a whistleblower by Freedland Russo and their co-counsel, Philadelphia attorney Stephen A. Sheller, Esq.
Seroquel is among the top-selling drugs in the world with 2009 sales of $4.9 billion; 15% of AstraZeneca’s $33.2 billion in revenue is for schizophrenia and specific types of bipolar mania. AstraZeneca was charged with promoting Seroquel to physicians for use “off-label” in children and the elderly. Doctors are allowed to prescribe drugs for unapproved uses but FDA rules state that drug manufacturers may only promote their products for approved conditions and age groups.
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