ACTOS Lawsuits Settlement.
Lance Lawsuit Funding makes pre-settlement fundings available for victims of Actos and their families.
Thousands of people who used the drug known as Actos for type 2 diabetes have developed or died from bladder cancer. Despite the fact that Actos was banned in France and Germany because of its link to bladder cancer, Takada, the Japanese company who manufactured it, did not recall it from the U.S. market — causing deadly bladder cancer in patients who used it.
Takeda Pharmaceutical Company and its American subsidary, Takeda Pharmaceuticals U.S.A., has agreed to settle one of the largest drug cases in US history. Drugwatch reports that the Japanese drug company, Takeda, has agreed to pay $2.37 billion to plaintiffs, or their estates, who suffered bladder cancer from the drug.
TAKED REFUSAL TO TAKE ACTOS OFF THE MARKET.
Dispite its emerging side affects of bladder cancer, its banning in France and Germany and mounting lawsuits the Japanese manufacturer of ACTOS never recalled the drug in the United States. Instead, Takada in 2014 released a 10-year company funded study stating, “The 10-year final analysis did not show any statiscial significant findings of increased risk of bladder cancer with long term use of piolitazone.” However, several other studies, including Takeda’s own five year interim study, showed an increase risk. Patients who used the drug for more than a year had double the risk of those who did not use it.
ACTOS PATIENT LITIGATION.
The consumer and patient complaints against Takada for the company’s blockbuster Type 2 diabetes drug, ACTOS, alleged that pioglitazon gave them bladder cancer. The complaints also included that the company hid the risks from patients and doctors. The U.S. Food and Drug Administration warned the public about the link between ACTOS and bladder cancer in June 2011which sparked lawsuits.
Takada took the first lawsuits to trial and the plaintiffs won five of them – including jury verdicts for compensatory and punitative damages for concealing the risks. In 2014 Takada loss lost a jury trial in Louisiana and had to pay $6 billion to former ACTOS user because the drug gave him bladder cancer. In another lawsuit, Takada was ordered to pay $1.5 M in compensatory damages and $6 B in punitive damages.
After taking losing several large jury verdicts the company decided to reduce the uncertainity of going to trial and agreed to a settlement. The drugmaker agreed to pay $2.37 B to settle more than 10,000 bladder cancer lawsuits if 95% of the plaintiffs opted in. This is amoung the largest pharmaceutical litigation settlements in U.S. history.
According to Drugwatch, plaintiffs who hired lawyers before May 2015 are eligible to participate in the settlement. According to the Master Settlement Agreement, the amount awarded to each plaintiff will vary based on age, dosage of ACTOS taken and extent of injuries.
Each condition is ranked by a point value, and a higher point value corresponds to a higher payout. For example, a person under 50 with stage 4 bladder cancer would be awarded 750 points while a person 65 with recurrent or low stage cancer may be awarded 100 points. Each amount is further adjusted by several factors.
Lance Lawsuit Funding HELPS ACTOS Settlements.
Lance Lawsuit Funding provides pre-settlement funding to ACTOS victims who are working with lawyers and will be awarded settlements. Lance Lawsuit Funding is a national lawsuit funding company that provides pre-settlement money to plaintiffs or their families who are waiting for their settlements.
How It Works.
If you are working with a lawyer and will be getting a settlement in the Actos litigation then contact Lance Lawsuit Funding for a pre-settlement advance. When you contact us we will ask a few questions about your lawsuit, including the name of your lawyer. Then, we will take it from there. We will contact your lawyer for a few case documents – like the settlement offer and your consent. This process is easy and may be completed withing 24 hours. Then we email the pre-funding agreement to you and your lawyer. When it is signed we can wire the money into you account the same day.
If you are receiving an Actos settlement, but need money now, then contact Lance Lawsuit Funding to learn how we can help you. Call 201-266-6871 or visit our website at www.Lancelawsuitfunding.com