|
 The largest settlement, totaling $90 million, resolves allegations
the drugmaker encouraged doctors to use Seroquel for unapproved
uses. A second settlement for $20 million covers allegations it
misrepresented the benefits of Crestor.
Texas Attorney General Ken Paxton, announcing the settlements, said
the alleged actions were "especially disturbing because the
well-being of children and the integrity of the state hospital
system were jeopardized".
Texas had sought $5 billion under the lawsuits, claiming the company
had falsely and misleadingly marketed the two drugs in violation of
the Texas Medicaid Fraud Prevention Act.
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AstraZeneca has denied any wrongdoing.
"AstraZeneca makes no concessions or admissions of fault in the
settlement agreements," the group said in a statement.
"While we deny the allegations, it is in the best interests of the
company to resolve these matters and to move forward with our
business of discovering and developing important, life-changing
medicines – while avoiding the delay, uncertainty, and expense of
protracted litigation."
(Reporting by Ben Hirschler; editing by Jason Neely)
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