Request Legal Help Now - Free

LAWSUITS NEWS & LEGAL INFORMATION

GlaxoSmithKline to Pay $460 Million to Avandia Plaintiffs

. By
Philadelphia, PAGlaxoSmithKline has reportedly agreed to pay $460 million to settle lawsuits alleging that diabetes medication Avandia caused an increased risk of heart attacks. News of the settlement comes as the US Food and Drug Administration (FDA) held an advisory panel to discuss Avandia side effects and determine what action, if any, to take on the drug.

According to the New York Times on 7/15/10, GlaxoSmithKline will settle approximately 10,000 lawsuits concerning Avandia, with each patient receiving around $46,000. GlaxoSmithKline was reportedly facing more than 13,000 lawsuits alleging that the company did not properly warn physicians and patients of the risk of heart attacks. Some analysts predicted GlaxoSmithKline could pay up to $6 billion to settle Avandia litigation, the Times reports.

GlaxoSmithKline announced it will pay a total of approximately $2.6 billion in the second quarter to settle lawsuits involving both Avandia and Paxil. The drug maker would have faced the first of the Avandia lawsuits in court in October 2010.

Meanwhile, an FDA advisory panel voted this week on whether or not to allow Avandia to stay on the market. Twelve members of the advisory panel voted to remove Avandia from the market, while 20 voted to let it stay. Ten of those 20 voted to implement serious label revisions and possible sale restrictions, seven voted to allow it to stay on the market with minor label revisions and three voted to allow it to remain as is. One person abstained from voting.

The same day, when asked if they were concerned that Avandia causes heart attacks, 18 panel members voted that they were concerned, nine voted that they were not sure if Avandia could cause heart attacks and six voted that they were not concerned about the risk of heart attacks.

The advisory panel can only make recommendations to the FDA; its votes are not binding and the FDA does not have to follow its recommendations. Patients who currently take Avandia and are concerned about the medication should not stop taking the drug without first consulting with their doctor.

READ ABOUT AVANDIA LAWSUITS

Avandia Legal Help

If you have suffered losses in this case, please send your complaint to a lawyer who will review your possible [Avandia Lawsuit] at no cost or obligation.

ADD YOUR COMMENT ON THIS STORY

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.
*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.


Click to learn more about LawyersandSettlements.com

Request Legal Help Now! - Free