To read more on this breaking news and some thoughtful analysis, I will just leave some links to related articles:
@ soulful sepulcher
$I'll give you $10,000 if you agree to have a life long drug-induced illness and shorter life span: AstraZeneca to settle 200 Seroquel lawsuits
If spokesman Tony Jewell wants to make a statement about "participating in good faith", then he should join the ranks of James Wetta, the ex-pharma rep who blew the whistle on AstraZeneca to the tune of a $520million dollar fine from the DOJ (Department of Justice)last Spring, and AstraZeneca signed a CIA(Corporate Integrity Act).
If $10,000 is compensation that appears to be reasonable in this settlement, then the Judge has lost all perspective.
A lifetime illness due to taking a drug, permanent disability and a life span cut short. The internal documents show the drug maker knew this could happen and the FDA STILL allows Seroquel to be on the market--now boasted as an antidepressant and off-label use of Seroquel for insomnia is quite common.
What is a life worth? well, I can safely say that $10,000 does not cover a couple of months of loss of work wages from being out sick while trialing a diabetes medication and diet routine, and suffering permanent loss of job as a result and loss of insurance to cover diabetes care as a result.
I bet Tony Jewell, the spokesperson for AstraZeneca spends $10,000 a month on expenses defending the company, but then this is all my opinion, so the lawyers reading this blog as well as the internal spy network hired by AstraZeneca, V-Fluence who has me in a "Google reader", can take my words and shove them where....Florida's sun don't shine.
Where's Wayne MacFadden? Remember him?
AstraZeneca Starts To Settle Seroquel Lawsuits
Another day, another large settlement. Rather than ring up tabs for expensive lawyers and confront the possibility of bad publicity indefinitely, drugmakers are choosing to settle gobs of product-liability lawsuits with big settlements. Such moves, of course, appease anxious investors and allow senior execs to focus on the important stuff, such as
"AstraZeneca Plc agreed to pay $2 million to settle more than 200 cases over its antipsychotic drug Seroquel in the first resolution of lawsuits alleging the medicine causes diabetes, people familiar with the accords said.
The settlement, which provides an average payout of more than $10,000 per case, came as the result of a U.S. court-ordered mediation involving 26,000 cases filed against London-based AstraZeneca over Seroquel, the people said."
"“AstraZeneca continues to participate in good faith in the court-ordered mediation process,” Tony Jewell, a company spokesman, said in an interview. “The mediator has asked the parties to maintain the confidentiality of those discussions. AstraZeneca will honor the mediator’s request."
This post has been used at http://planb-publishing.com/MoralPhilosophy/ who is a proponent of seroquel use no matter the emotional or physical consequences - So let's see what he's willing to risk to be so called "Happy" in a drug induced stupor.