Studies show taking the drug Actos® to treat Diabetes can increase a patient’s chances of developing bladder cancer. Unfortunately, these findings were not released until after the medication was released to consumers. The discovery of these results prompted thousands of patients who were harmed by taking Actos to file lawsuits against the manufacturer of the drug, Takeda Pharmaceuticals. Now, our Actos® drug injury lawyers at Lowell Stanley Injury Lawyers explain a settlement has been offered by Takeda to those who have filed the lawsuits.
Takeda has offered $2.4 billion to settle roughly 9,000 pending lawsuits filed by patients who developed bladder cancer after taking Actos. According to an article from The Wall Street Journal, each claimant would receive around $267,000 if the terms that have been outlined are agreed to by 95 percent of the plaintiffs.
The deadline for plaintiffs to submit the documentation of their claim for approval as part of the settlement is in July and payments are expected to be made within a year of the settlement becoming finalized. This means there’s still time to get the compensation you deserve if you developed bladder cancer as a result of taking Actos.
At Lowell Stanley Injury Lawyers, our legal staff understands the hardships one can face as a result of being harmed by a prescribed medication. That’s why our Norfolk drug injury lawyers are hopeful this settlement can bring peace and closure to each of the victims who were harmed as a result of using Actos.