October 9th, 2015|
In May, Takeda Pharmaceuticals, Inc., the maker of Actos®, offered to settle thousands of bladder cancer lawsuits for $2.4 billion. Here’s a link to a previous post we made in May about the settlement.
When the offer was made earlier this year, victims still needed to agree to the terms of the settlement before it could be finalized. Now, a majority of plaintiffs have signed on to participate in the settlement.
Last month, Takeda issued a press release that states 96 percent of claimants agreed to the terms of the settlement. Once it’s determined that 97 percent of those individuals meet the criteria to participate, the deal will move one step closer to becoming final.
Once the settlement is official, the company says they will have laid seven of the nine Actos bladder cancer lawsuits they are facing to rest.
Takeda states the settlement will have no effect on the company’s support and distribution of Actos.
At Ponce Law, our Nashville Actos bladder cancer lawyers recognize the struggles many individuals have faced in the wake of using the drug to battle another serious disease. That’s why we’re hopeful this settlement can bring peace and closure to those who were harmed by the drug.
May 8th, 2015|
An estimated 29.1 million Americans live with diabetes, a condition that inhibits the body from properly regulating glucose levels. Medications can help patients live comfortable lives, but taking certain versions of these drugs—such as Actos®—can come with serious health risks.
Multiple studies have linked Actos to an increased risk of developing bladder cancer. In fact, some researchers believe the risk could be as much as 40 percent higher than patients who don’t take the medication.
Many patients didn’t receive any warning about this risk prior to taking the drug and chose to take legal action against the manufacturer. The Nashville Actos bladder cancer lawyers at Ponce Law explain that the legal battle may be coming to an end for some plaintiffs.
The drug company, Takeda Pharmaceutical, recently announced they are offering an estimated $2.4 billion to settle an estimated 9,000 Actos lawsuits. According to Bloomberg Business, the settlement would only be approved if 95 percent of the victims agree to the terms of the agreement. If approved, each individual could receive as much as $296,000 in damages.
At Ponce Law, we’ve seen the damage that can be caused by taking Actos. That’s why our Nashville drug injury lawyers are hopeful that Actos plaintiffs get the money they deserve for their damages.