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Seroquel is the brand name of the generic drug quetiapine, used to treat schizophrenia and bipolar disorder (formerly known as manic-depression). Seroquel changes the levels of neurotransmitters (naturally occurring brain substances) including serotonin and dopamine.
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.