Report: Takeda to Propose $2.2 Billion Actos Settlement
APRIL 1, 2015: After losing several trials, Actos manufacturer Takeda Pharmaceuticals has proposed a $2.2 billion settlement to resolve more than 8,000 lawsuits from people claiming they were diagnosed with bladder cancer linked to Actos, Bloomberg reported. This would be one of the largest pharmaceutical settlements in history. If you or a loved one have also been harmed by Actos, you should join the thousands seeking justice.
Some shocking facts about the common diabetes drug Actos:
- According to the Food and Drug Administration, people who take Actos for 1 year are 40% more likely to be diagnosed with bladder cancer.
- Diabetics who took Actos were 22% more like to develop bladder cancer than those taking other diabetes medications, a pair of studies found.
- A 2014 study in the British Journal of Clinical Pharmacology found a “clinically significant” increased occurrence of bladder cancer in patients taking Actos.
- France, Germany and India have banned Actos due to its dangers.
If you or someone you care about was stricken with bladder cancer after taking Actos, you should contact Avram Blair & Associates by calling 800-423-1778 or filling out the form on this page. In a free, no-obligation consultation, one of our attorneys will tell you how we may be able to help your family seek compensation for what has happened.
MORE THAN 3,000 ACTOS LAWSUITS
The maker of Actos, Takeda, added a label to the drug warning of the cancer risk in August 2011. By then, Actos had already been on the market for more than 10 years and had been taken by many diabetics. The health and safety of these innocent people were put at risk.
In April 2014, federal jury found that Takeda Pharmaceuticals and Eli Lilly & Co. marketed Actos despite knowing about the risk of cancer it carries. They ordered the companies to pay a combined $10.475 billion in punitive and compensatory damages to an Actos victim, making it among the largest civil trial verdicts in history. While that amount was later reduced, the judge who reduced it described the companies’ actions as “reprehensible.”
Takeda is facing thousands of lawsuits from people and families who have suffered due to Actos. In April 2015, the company proposed a $2.2 billion settlement to resolve roughly 8,000 Actos lawsuits, Bloomberg reported.
You need to act quickly if you’ve also been harmed.
The lawsuits demand accountability and compensation from Takeda for the damage caused by Actos. Taking legal action sends a message that profiting from the sale of a drug that causes serious harm is unacceptable.
Judges in trials in Nevada and Louisiana told jurors that Takeda Pharmaceuticals, the maker of Actos, destroyed documents regarding Actos that may have supported the claims of victims, the Las Vegas Review-Journal reported.
15,500+ Bladder Cancer Deaths Every Year
Bladder cancer will claim the lives of more than 15,500 Americans in 2014, according to the American Cancer Society, and it will be diagnosed in nearly 75,000 Americans this year. The cancer is much more common in men than women.
Symptoms of bladder cancer may include:
- Abdominal pain
- Blood in urine
- Painful and/or frequent urination
- Weight loss
Like other cancers, early detection is vital to increasing the odds of successfully fighting bladder cancer.
The U.S. has not joined the countries that have banned the sale of Actos to protect diabetics. However, the watchdog publication Consumer Reports has urged Americans to avoid Actos at all costs due to its dangers.
Contact Us Today
When medications harm innocent people, the companies that make and sell them need to be held accountable. Bladder cancer is not a minor side effect — it kills thousands of Americans every year.
If you or a loved one has been diagnosed with bladder cancer after taking Actos, contact us today by calling 800-423-1778 or by filling out the form on this page for a free, no-obligation consultation with an attorney at Avram Blair & Associates. We want to protect your rights, and we will tell you about the compensation that may be available for you and your family.
Time to file a claim is limited, so don’t delay. Seek justice now.