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Quetiapine (/kwÉ¨ËtaÉª.ÉpiËn/ kwi-TY-É-peen) (developed and marketed as Seroquel by AstraZeneca) is an atypical antipsychotic approved for the treatment of schizophrenia, bipolar disorder, and along with an antidepressant to treat major depressive disorder.he sustained-release quetiapine is marketed mainly as Seroquel XR. Other marketing names are Seroquel Prolong, Seroquel Depot and Seroquel XL. On May 18, 2007, AstraZeneca announced that the U.S. FDA approved Seroquel XR for acute treatment of schizophrenia.
The Food and Drug Administration (FDA) approved quetiapine in 1997 under the brand name Seroquel for drug manufacturer AstraZeneca. Two years earlier, AstraZeneca agreed to pay $520 million to settle federal investigations into the drug maker's marketing practices for Seroquel.xperts don't know whether Seroquel is a safe and effective treatment for schizophrenia in children younger than 13. The safety of the drug for treating bipolar mania in children younger than 10 and bipolar depression in children younger than 18 is also unknown.