Payday loans allow you to quickly get cash even if…
A lot of people will receive money from Boehringer Ingelheim because of the effects of their drug Pradaxa. All individuals who suffered internal bleeding from taking this drug need to seek legal advice.
Recent findings show that at least 4,000 individuals developed serious health complications after taking the drug Pradaxa. This is a drug that is marketed and used as a blood thinner. However, recent studies show that the use of this drug has been linked to brain, rectal and gastrointestinal bleeding.
About 4,000 people have chosen to file a lawsuit against the German company that makes the drug. The major reason why all of these lawsuits are being filed is because the drug maker has been marketing Pradaxa as a drug that is completely safe.
The company that makes the drug hasn’t just been marketing the drug; it has been spending millions of dollars and marketing the drug very heavily.
Since the company said Pradaxa was extremely safe and didn’t say anything about internal bleeding and serious side effects, doctors have been writing millions upon millions of prescriptions for the drug. This has been going on since October, 2010, which is when the drug was finally approved by the FDA.
In 2011, nearly 540 individuals died because they used Pradaxa. While 540 people died, there are thousands of others who’ve suffered serious side effects from using the drug, which could prove to be fatal.
Since so many individuals died from taking Pradaxa, it should come as no surprise that thousands of lawsuits are being filed against the drug maker.
The majority of these lawsuits were actually filed in federal court, but eventually, the lawsuits were consolidated into MDL, which stands for multidistrict litigation.
A judge was supposed to preside over all of these different lawsuits, but before anything could really happen, the drug maker announced that it would pay out nearly $650 million to settle the 4,000 different lawsuits against the company.
Everyone who filed lawsuits was extremely excited that the drug maker was prepared to settle. The settlement should help to bring justice to the families who lost a loved one due to Pradaxa.
While it’s nice to get justice for the company’s wrongdoing, families will also get financial assistance in the form of a settlement. All of the money that the company decided to settle with must be distributed to everyone who filed a lawsuit.
Unfortunately, after agreeing to the settlement, the drug maker said there was no wrongdoing involved. By settling, the drug maker is able to avoid years of protracted litigation and uncertainty.
The Pre-settlement Funding
All of the members of the Illinois MDL can obtain their compensation based on a special timeline created by Judge Herndon.
If this specific payment plan ends up taking too long, it’s possible for claimants to explore other ways of getting money faster, which is called pre-settlement funding. If you happen to need a lawsuit settlement even sooner, we can help you. Our personal injury lawyers are here to help and have many years of experience.
About The Drug Pradaxa
In 2010, Pradaxa had finally been approved by the FDA. One of the reasons why it became so popular is because it was virtually the only other alternative to warfarin, which is another type of blood thinner.
The drug warfarin has been around for decades, and it’s primarily used to prevent strokes and blood clots. The reason why people saw Pradaxa as a much better alternative to warfarin is because Pradaxa didn’t require dietary restrictions and weekly exams, which is what warfarin requires.
For about two years, sales of Pradaxa continued to climb, and in 2012, total sales for the drug reached a staggering $1.5 billion. The entire anticoagulant market rakes in close to $10 billion per year, which is just in the United States.
Since all of this happened, another two anticoagulant drugs have been released. Pfizer released the drug Apixaban, and Johnson & Johnson released the drug Xarelto. The problem is that all of these blood thinners can increase the risk of bleeding.
When warfarin patients suffer a bleeding event, doctors can quickly administer a special antidote, which puts an end to the bleeding. The problem is that there is no antidote for bleeding events caused by the other blood thinners. This is the major problem with all of these newer blood thinners.
However, drug makers say there is an antidote in development. It took thousands of bleeding events before regulators started to take notice of the issue. A particularly prominent individual suffered a hemorrhage, and even after he stopped taking Pradaxa, he continued to suffer from internal bleeding, which is why he filed a lawsuit.
Compensation and Legal Help
There are a few major health complications caused by Pradaxa. Compensation was pursued for people who suffered death, kidney bleeding, brain hemorrhage, gastrointestinal bleeding and internal bleeding after taking the drug Pradaxa.
Anyone who has suffered these issues from taking Pradaxa can obtain compensation for a variety of issues. For example, claimants have the right to seek compensation for lost wages, pain and suffering and more.
If you or a loved one has experienced a major health problem from taking Pradaxa, we can help. For a lot of people who were negatively affected by Pradaxa, it might seem clear as day that the drug is what caused the health emergency.
However, the litigation for these types of cases can get extremely complex, which is why it’s important to seek help from experienced personal injury lawyers. The pharmaceutical companies that make these drugs have billions of dollars to spare, so they spend an enormous amount of money on fighting legal cases.
Anyone who has suffered major health complications from the drug Pradaxa need lawyers who’re familiar with how these companies work. In fact, the ideal situation would involve hiring lawyers who used to work for these massive pharmaceutical companies.
The adverse health effects caused by pharmaceutical drugs are classified as personal injury cases, so it’s best to hire experienced personal injury lawyers.