Actos lawyer New York
Actos lawyer New York
Otherwise known as pioglitazone, Actos is a thiazolidinedione and an agonist for peroxisome proliferator-activated receptor (PPAR). Actos, an oral diabetes medication, is used in tablet form to treat type 2 diabetes. However, this drug has been known to cause serious complications like cancer and other dangerous problems. Many people have filed cases against the company of this medicine and the Actos lawsuits would cause this company to pay a huge amount of money. We are here to match those Actos-affected patients with attorneys, or in other words Actos lawyers, who can help them to get the compensation they need.
History and Uses of Actos
Actos was created by Takeda Pharmaceuticals in 1999 and was marketed by Eli Lilly as one of the most successful diabetes medications of all time. Before Takeda lost its patent on the drug in 2011, Actos had made the company $3.58 billion in sales the year before. The only purpose of Actos is to treat type 2 diabetes. The drug is not meant for treatment of type 1 diabetes or diabetic ketoacidosis.
Adverse Effects of Actos
There have been many serious and deadly side effects linked to the use of Actos. In 2011, the Food and Drug Administration (FDA) required that Takeda update the medication’s warning label to include the increased risk of some of these potentially fatal side effects. The most common adverse effects associated with the use of this diabetes drug include:
- Congestive heart failure
- Liver damage and failure
- Bladder cancer
- Chronic kidney disease
- Lactic acidosis
- Bone fractures
- Macular edema
- Upper respiratory tract infection
Recalls and Lawsuits Involving Actos
Thousands of patients have filed lawsuits against Takeda Pharmaceuticals and Eli Lilly since the discovery that Actos is linked to bladder cancer. One lawsuit against the companies for Actos resulted in a Louisiana man receiving $9 billion in punitive damages and another $1.5 billion in compensatory damages under the argument that the companies willingly hid the risks of bladder cancer associated with the medication. The verdict was later reduced by a judge to a total of $38.6 million.
After that verdict, a federal multijurisdictional lawsuit was filed in Louisiana that encompassed more than 2,900 individual claims against Actos for causing bladder cancer. At the end of April this year, Takeda agreed to settle thousands of lawsuits claiming that Actos gave patients bladder cancer with a $2.37 billion settlement. If 95% of the plaintiffs agree to opt into the settlement agreement, the total award is $2.37 billion, and if 97% of plaintiffs opt in the total award will be nearly $2.7 billion. This decision came after five major lawsuits were won against the companies by individual plaintiffs totaling millions of dollars in damages per case.
Call Our Company Today
While Actos has been proven to help successfully treat type 2 diabetes, the adverse effects of this drug can be deadly. If you or a loved one has suffered from an adverse event associated with Actos, we are here to help. Call the office or contact us for a free and confidential review of your claims. We will help match you with an attorney that suits your needs and can fight for what you deserve in court.