Do you take Actos? If you do, you may want to talk to your doctor about the drug’s links to bladder cancer.
The diabetes drug is currently being reviewed by the US Food and Drug Administration (FDA) over allegations that it puts users at an increased risk for developing bladder cancer. In addition to this alarming information, currently, there are more than 8,000 lawsuits pending across the country over injury claims associated with Actos.
It should be noted that it was not until 2011 that Actos’ manufacturer, Takeda Pharmaceuticals, updated its warning label to include information about potential cancer risks, even though the drug was approved for use in 1999 and generates more than $16 billion in sales each year.
Takeda on Verge of $2.2 Billion Actos Settlement
With this in mind, recently Fortune reported that Takeda was on the verge of settling existing Actos claims for a reported $2.2 billion. If the settlement is accepted by plaintiffs and approved by the court, it would be one of the largest settlements involving pharmaceutical drugs in U.S. history.
The settlement would end lawsuits pending in federal and state courts, which have lingered for years, averaging out to about $275,000 in payments for each victim. If the settlement is not approved, Takeda could continue to negotiate with lawyers involved in cases, although it leaves itself susceptible to large verdicts.
Speaking to an Attorney about a Dangerous Drug
As this news shows, if a defective drug injures you, speaking to an attorney may be beneficial. You should not have to suffer because a drug manufacturer placed its profits ahead of your health.
Remember, an attorney can review your case and determine if a drug has injured you. Through an investigation, he or she can determine if you have a viable claim. For more information about how we have helped personal injury victims, visit our verdicts and settlements page.
Targan Pender & Strickland, P.C. – Atlantic City Injury Attorneys