Posts Tagged ‘payday cash’

Settlement Reached For AstraZeneca Seroquel

Monday, June 7th, 2010

A settlement has reached with the Department of Justice over AstraZeneca Seroquel investigation and British pharmaceutical company. An anti psychotic medication, Seroquel, has come under fire for being marketed for unapproved purposes. The drug maker will be paying the Department of Justice $ 520 million in restitution. The drug itself, which sold about $ 4.9 billion last year, probably won’t need guaranteed loans to cover the expenses.

Wrong purposes is what AstraZeneca Seroquel was marketed for

The fight about AstraZeneca Seroquel was based off of the fact that the drug was marketed for purposes other than what it was approved for. The DOJ suggests there were kickbacks of payday cash for prescribing the drug for off label purposes. The drug Seroquel is quetiapine, which is used to treat schizophrenia and certain bi-polar disorders. Physicians may prescribe a medication for an off-label use if they deem it appropriate. However, pharmaceutical drugs aren’t to be marketed for off label uses; the FDA considers that a no-no.

Off label uses of Seroquel

Part of this investigation is whether AstraZeneca Seroquel was marketed for uses that aren’t approved for it yet. According to the Wall Street Journal , AstraZeneca marketed the drug for off label uses, such as to treat post traumatic stress disorder, anxiety, Alzheimer’s Disease, aggression, and depression. The Justice Department thinks pharmaceutical giant gave kickbacks to physicians to prescribe it for those purposes. AstraZeneca denies the allegations even though they set aside $ 520 million in October for a settlement.

Lawsuits that are pending

There are many lawsuits pending against AstraZeneca concerning different side effects of off label use of Seroquel. Seroquel isn’t the first drug to try off label purposes; off label medication is actually wide spread because every drug has alternate uses. For example, although most people use aspirin to thin blood or as a pain reliever, it also can be used to treat heart disease. It is usually fine that many physicians prescribe medication for off label uses. However, the idea that a physician would prescribe drug for their own money purposes when something else is available, is really troubling.

What the impact is then?

Since AstraZeneca Seroquel set aside money for a settlement months ago, nothing will probably come of it. The company probably will comply with federal instructions and will disclose payments to physicians.

Resources for the article

Wall Street Journal

http://online.wsj.com/article/BT-CO-20100427-717519.html?mod=WSJ_World_MIDDLEHeadlinesEurope

One Lawsuit Settled, Thousands More Filed – Accutane

Wednesday, May 26th, 2010

Makers of Accutane, Roche Laboratories, have settled a lawsuit in Illinois before it reached court. Claiming side effects from IBS to severe depression, more than 1,000 lawsuits have been filed against Accutane. Roche Laboratories have spent a bundle on payday cash to settle many lawsuits – but what is the fate of Accutane?

Accutane is commonly used to treat acne

Accutane is no longer on the market. Generic versions of the drug are still on the market. All these do is reduce oil released by glands under the skin. In general, Accutane and similar drugs were intended for use as a last-resort drug, when other acne medication had not worked. Other Accutane-like drugs include Claravis, Sotret, Amnesteem and any generic isotretinoin.

Accutane’s side effects

Because of the severe side effects associated with Accutane and similar drugs, it is offered only under very severe restrictions. Before these restrictions were put in place, though, Accutane was generally prescribed by a doctor without unusual amounts of counseling or caution to the patient. Accutane and similar drugs can cause depression, Crohn’s Disease, colitis, inflammatory bowel disease, severe birth defects and liver damage. The drugs can also cause a skin condition where the skin begins to separate from the body or “burn” from the inside out.

Accutane lawsuits

Since Accutane was first put on the market, Roche Laboratories has had more than 1,000 lawsuits filed against the company. Most of these lawsuits are based on the argument that Roche Laboratories did not sufficiently warn patients of the side effects of Accutane. Roche has lost all six Accutane lawsuits that have gone to trial so far. These verdicts have cost them more than $ 56 million. Accutane has been on the market ever since the early 1980s, and there have been more than 16 million people have taken the drug.

Accutane can still be found on the market

Despite side effects, Accutane and other drugs are still on the market. A program that is called iPLEDGE requires that anybody taking the drug go through counseling. The patient must also agree to use two forms of birth control while taking the drug and must sign documents saying that they understand the dangers associated with taking Accutane.

Resources for the article

Drugs.com

http://www.drugs.com/accutane.html

Newsome Law

http://www.newsomelaw.com/blog/2010/05/12/accutane-lawsuit-leads-pre-trial-settlement-roche

About Lawsuits

http://www.aboutlawsuits.com/settlement-accutane-lawsuit-prior-to-trial-10157/