November 17, 2005 |
British drug maker AstraZeneca didn't deceive consumers about the benefits of its Nexium heartburn medication, a federal judge ruled as she threw out a class-action lawsuit against the company. U.S. District Judge Sue Robinson in Wilmington, Del., granted AstraZeneca's motion to dismiss the case after finding that statements made in advertising were consistent with the label approved by the Food & Drug Administration.
July 12, 2005 |
AstraZeneca will pay as much as $340 million to Avanir Pharmaceuticals to develop experimental heart-disease treatments. The companies will work to develop medicines from so-called reverse cholesterol transport enhancing compounds, which may allow the body to reverse damage to blood vessels, AstraZeneca said. AstraZeneca will pay $10 million now with as much as $330 million linked to the experimental drugs meeting development goals, the companies said.
June 7, 2005 |
AstraZeneca's Crestor cholesterol drug may have triggered a temporary weakening in a 67-year-old woman's heart, Mayo Clinic doctors said in a letter published in the Annals of Internal Medicine. Kidney and muscle complications from Crestor may have caused the woman's heart to pump about a fifth as much blood as normal on each beat, James Ireland, a Mayo Clinic doctor, said in Rochester. He was one of four authors of the letter, published under the heading "Clinical Observation."
March 12, 2005 |
AstraZeneca has received its second warning in four months from the U.S. Food and Drug Administration over what the agency says are misleading claims in its ads for cholesterol-lowering medicine Crestor, the company said in New York. The latest letter said claims that Crestor lowers cholesterol better than Pfizer Inc.'s Lipitor were misleading because it cherry picked results from a study comparing the two medicines.
October 30, 2004 |
Britain's AstraZeneca said U.S. prosecutors demanded documents related to the status of the company's ulcer medicines, Prilosec and Nexium, on the lists of drugs covered by health plans. The U.S. attorney's office for the Eastern District of Pennsylvania is probing the billing practices of insurers and pharmacy-benefit managers.
August 13, 2003 |
The Food and Drug Administration approved the cholesterol-lowering drug called Crestor after long debate about the risk of side effects. Made by AstraZeneca Pharmaceuticals, Crestor, a statin, comes with a warning about taking higher-than-recommended doses, which have contributed to rare cases of a potentially fatal, muscle-destroying condition called rhabdomyolysis.