AstraZeneca PLC said July 29 that it has agreed in principle to settle with nearly 4,000 Seroquel product liability plaintiffs.The company said settlement terms are confidential.
In notes to its second-quarter financial report, AstraZeneca said that as of July 27, mediation ordered by Judge Anne C. Conway in the Seroquel multidistrict litigation in the U.S. District Court for the Middle District of Florida "has resulted in agreements in principle on monetary terms, subject to various subsequent conditions, approvals and agreement on non-monetary terms, with the attorneys representing nearly 4,000 claimants."
As of June 29, AstraZeneca said it was defending against 10,363 served or answered Seroquel lawsuits in the United States involving 22,412 plaintiff groups. It said about 72 percent of the cases are in state courts, primarily Delaware, New Jersey, New York and Alabama. The remaining 28 percent are in the MDL court.
As of July 8, the Judicial Panel on Multidistrict Litigation reported that there were 6,217 active MDL cases, down from a high of 8,187.
Claims of about 1,000 plaintiffs are consolidated in one federal court in California, AstraZeneca said.
In addition, AstraZeneca said it is aware of about 176 additional cases representing about 3,661 plaintiffs that have been filed but not yet served. It said some of the cases involve other drug manufacturers, such as Eli Lilly and Co., Janssen Pharmaceutica Inc. and/or Bristol-Myers Squibb Co.
Full Article and Source:
Astrazeneca Settles Nearly 4,000 Seroquel Injury Claims, Terms Confidential
Life is full of choices. These greedy, money hungry drug companies want their prescription drugs pushed to innocent people! If they were drugs pushed on the street's... someone would be in jail plus fine. The drug companies deserve the same and so do the doctors who prescribe the dangerous drugs unnecessarially!
ReplyDeleteRight on, Holly! They should be jailed.
ReplyDeleteOr they should be made to take their own "poison pills"!
Big Pharma's gotten way too big.
ReplyDeleteWell now anonymous... that's an idea. Mandatory antipsychotic drugs for those making the big bucks from them.
ReplyDeleteTHEN we get them under guardianship, take their money and use it to supplement incomes for the elderly. Kind of like Robin Hood... steal from the rich & give to the poor! It will be... "in their best interest."