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AstraZeneca’s Seroquel Issues – Analyst Blog

Zacks Market Commentaries (February 27th, 2009) Writes:
AstraZeneca (AZN) sales reps may have been instructed to tell physicians that the company's multibillion dollar antipsychotic, Seroquel, was not associated with the development of diabetes. This, according to court documents and reported by the Wall Street Journal, contradicts what a company doctor had previously suspected. AstraZeneca commented that their doctors' initial analysis was not conclusive, and after a more comprehensive review, it was found that the drug did not cause diabetes.The WSJ noted that a variety of documents, from unpublished clinical studies to court depositions, were unsealed by AstraZeneca as a result of numerous lawsuits brought by patients claiming adverse affects from treatment with Seroquel.Seroquel, along with the company's extended release formula (Seroquel XR), is used for the treatment of a variety of psychotic disorders and is the leading branded drug for the treatment of bipolar and schizophrenia. Seroquel/XR posted combined sales of ...

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