$425 million charge settles bulk of Nexium and Prilosec claims
In the USA, British drugmaker AstraZeneca (LSE: AZN) has brought to an end certain product liability lawsuits for the gastrointestinal meds Nexium (esomeprazole) and Prilosec (omeprazole).
The company will pay $425 million to resolve all pending claims related to suggestions it failed to adequately warn patients about potential side effects including chronic kidney disease.
In a statement, AstraZeneca said it had already “taken a provision” for the settlement payment, adding that it “continues to believe these claims are without merit and admits no wrongdoing.”
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