Astra Zeneca Pays $520 Million Settlement

The pharmaceutical company AstraZeneca will pay a 520 million dollar fine to settle allegations that it illegally marketed the anti-psychotic drug Seroquel, the US Justice Department said on Tuesday, AFP reports.

According to a statement by the Attorney General, Eric Holder, the company marketed the drug "for uses that were not approved as safe and effective by the Food and Drug Administration."

Astra Zeneca still denies that it did anything wrong in its marketing, but will still pay the settlement, Swedish Radio News reports.

Seroquel is one of AstraZeneca's mnost sold products, and is among others used for treating schizophrenia. It has however been criticised for its side-effects, and according to Swedish Radio News there are some 20,000 lawsuits against the company, from patients who claim they were not properly informed about the possible side-effects of the drug.

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