Seroquel News

Jury orders drug company to pay state $215 million

-Birmingham News

02/21/2008 -

AstraZeneca Pharmaceuticals LP must pay the state of Alabama $215 million, a state jury said after finding the company inflated drug prices charged to the state's Medicaid program, Bloomberg reported.

A Montgomery jury today awarded $40 million in compensatory damages and $175 million in punitive damages after deliberating for 45 minutes.

The trial in Montgomery County Circuit Court started Feb. 11. AstraZeneca, a unit of London-based AstraZeneca PLC, is the first of more than 70 drug makers sued by Alabama to go to trial.

GlaxoSmithKline PLC and Novartis Pharmaceuticals Corp. are scheduled for trial in April.

AstraZeneca's drugs include Nexium for ulcers, the anti-psychotic treatment Seroquel and Crestor, used to treat high cholesterol.

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