Tuesday, April 27, 2010

AstraZeneca Seroquel $520 million settlement: The Whistleblower gets $45 MILLION

VIA ABC/NEWS POLITICS:

"The government claims that AstraZeneca intentionally marketed the drugs -- by paying kickbacks to doctors -- for a variety of illnesses for which it had never been tested, including aggression, Alzheimer's, anger management, anxiety, attention-deficit hyperactivity disorder, dementia, depression, mood disorder, post-traumatic stress disorder and sleeplessness. It was given to the elderly, children, veterans and inmates, who were treated as "guinea pigs," according to the acting U.S. attorney for the Eastern District of Pennsylvania."

AND

WHERE THE MONEY GOES


"The whistleblower who reported the alleged fraud will get $45 million as a reward, according to sources.

Of the money AstraZeneca pays, the federal government will get $302 million, and states will share up to $218 million. The company also faces multiple other lawsuits over Seroquel, which is one of its best-selling drugs.

"These were not victimless crimes -- illegal acts by pharmaceutical companies and false claims against Medicare and Medicaid can put the public health at risk, corrupt medical decisions by health care providers, and take billions of dollars directly out of taxpayers' pockets," Attorney General Eric Holder said today at a news conference announcing the settlement."

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