Pfizer and the Upcoming Lipitor Settlement
Pfizer and the Upcoming Lipitor Settlement
Pfizer is being sued by hundreds of women who claim they developed type II diabetes due to the usage of Lipitor, a cholesterol lowering drug. Studies have demonstrated that there is a direct link between Lipitor and an increased risk of this particular disease.
It is predicted that thousands of women will soon establish lawsuits against Pfizer, leading to Lipitor settlements. Pfizer is now under the spotlight for failing to disclose the serious adverse effects of Lipitor.
Pfizer is now being pushed to reach a Lipitor settlement, just as in the past it was pressured to reach a settlement for 2.9 billion dollars for violating the False Claims Act on their drugs Bextra, Geodon, Zyvox and Lyrica.
Although it is relatively unknown as to how much Pfizer will have to pay for settlements, but it is likely it will only be a small fraction of the $11 billion + that Lipitor earns annually.
Lipitor Side Effects
Lipitor is the brand name of the drug atorvastatin. It is a member of the family of drugs called statins which lowers levels of LDL cholesterol (also known as “bad” cholesterol) and triglycerides. It also reduces heart attacks and other heart related conditions.
Side effects listed by Pfizer are:
· Confusion and memory problems
· Muscle pain and weakness for no apparent reason
· Fever, tiredness and dark urine color and stools as well as jaundice
· Increase in thirst, hunger, dry mouth and skin, weight loss
· Other less serious side effects such as nausea
Type II diabetes is not a side effect listed by Pfizer even though there may be evidence that they knew about it beforehand and decided not to disclose it.
In 2011, the FDA (U.S. Food and Drug Administration) ran an investigation on Lipitor and found that indeed Lipitor caused imbalances in glucose levels, and significantly increased the risk of contracting type II diabetes.
After concluding the investigation the FDA obliged Pfizer to change its label warnings. However, the new Lipitor label warning still doesn´t explicitly say that the drug may cause type II diabetes, and many people are still to this day falling victims of this drug.
Both past and future victims are entitled for a Lipitor settlement for damages incurred. Pfizer utilized unethical business practices at the cost of their consumers’ health, and the lawsuits and settlements to follow are but a small consequence compared to the loss of health in those who were injured by Lipitor.
Studies Linking Lipitor to Type II Diabetes
Annually, Lipitor makes billions of dollars in sales, which are Pfizer’s primary concern- not your health. Lipitor is the worlds best selling drug, and it is shocking to healthcare providers and patients alike to find that such a popular drug has such serious and yet hidden side effects.
This financially successful drug has produced devastating results in the population regularly taking it. It is stated that Pfizer knew or at least should have known about the increased risk for type II diabetes given the various studies performed when testing a drug for commercial human use.
Lipitor settlements can and should be claimed if victims realized they were cheated by Pfizer´s fraudulent practices. It is the responsibility of the drug manufacturer, in this case Pfizer, to ensure the safety of their drugs before releasing them to the public.
Many studies have now been conducted by medical institutions independent of Pfizer since the release of this drug in 1996. They showed that it does work for lowering cholesterol levels but they have also shown that its side effects are severe and not as mild as what Pfizer alleged and published when they initially released the drug in 1996.
Here is a brief listing of relevent studies regarding the use of Lipitor and type II diabetes:
1) In 2010 the medical journal “The Lancet” published a study correlating risk increase of type II diabetes and Lipitor use in women taking it. The study compared two groups of women. The first group was taking Lipitor and second group did not. The study concluded that the prevalence of Type II Diabetes was significantly higher in women taking Lipitor.
2) The journal “Circulation: Cardiovascular Quality and Outcomes” stated that Lipitor and statins in general are effective in lowering cholesterol levels. In 2004 however, a new study showed that Lipitor use caused the body to have a decreased ability to control blood glucose levels when taken in large doses.
3) In March 2011, a study published on the Journal of the American College of Cardiology also showed a prevalence of Type II Diabetes in women taking Lipitor.
4) In 2013, after a 5 year study with more than 100,000 post-menopausal women in 40 medical centers across the United States the JAMA medical journal finally concluded that Lipitor and other statins increased the risk of type II diabetes in that specific population (post-menopausal women). The study also concluded that women with a BMI (body mass index) below 30 have an increased risk of type II diabetes than women with a BMI above 30, which is unusual.
Statins in general were linked with an increased risk of type II diabetes. Lipitor is a high-potency statin compared to other moderate and low potency statins such as Lovastatin and Fluvastatin, putting Lipitor users at a higher risk of getting type II diabetes.
The development of type II diabetes can be a very uncomfortable and life changing experience for individuals and families. They have to start testing their glucose levels on a regular basis, which means they will have to undergo needle pricks several times a day. They will also have to change their whole lifestyle and restrict themselves to a diabetic diet. Additionally there is research showing that these individuals now have a shortened lifespan, and will have to deal with high medical bills and expenses.
On top of that, type II diabetes is a chronic disease. Sufferers will have to start taking medications for the diabetes itself which will further put their health at risk because of the side effects of the new medications.
For many who took or are taking Lipitor, the quality of life for the individual has been greatly diminished: physically, emotionally and financially, Lipitor victims are prompted to take action against Pfizer for its unethical practices.
Lawsuits and Lipitor Settlement
If you are a woman who is suffering from type II diabetes and has taken Lipitor before for the purpose of reducing your cholesterol you may be eligible to make a claim and reach a Lipitor settlement.
Lipitor settlements will be valid in any case that there is a proof that it was the Lipitor who caused the type II diabetes. Lipitor settlements can´t take place if there is no valid proof or under other conditions. To establish whether a person should claim for a Lipitor settlement, please contact us, Consumer Claim Centers of America to study the case.
A Lipitor settlement is a resolution between the two opposing parties: the victim and Pfizer. If a settlement agreement is not reached, all of the attorneys we work with are well prepared to go to court.
A Lipitor settlement will probably give compensation to victims depending on a variety of factors such as:
-The severity of the damage done by Lipitor
-Mental and emotional detriment caused to the individual
-The amount of money the person will spend in the future on related medical costs
-Any monetary loss resulting from inability to work or have a job due to Lipitor´s side effects
An approximate Lipitor settlement sum for an average person suffering type II diabetes is around $200,000.
Lipitor settlements will be looked at on an individual basis as each person was hurt in varying degrees by Pfizer´s drug.
It is likely that Pfizer will decide to make a Lipitor settlement offer for a lower amount of money to the accusers rather than leave it up to a jury to decide.
This might be the way Pfizer proceeds because waiting for a Lipitor settlement after the jury´s resolution can make Pfizer incur higher legal costs and increased sanctions. In this case the plaintiff has the choice of accepting or rejecting that Lipitor settlement as he or she wishes.
If the plaintiff feels comfortable with the Lipitor settlement offer, they can decide to accept it. If they don´t feel comfortable with the Lipitor settlement offer, they can decide to wait until the jury gives the final Lipitor settlement for that particular case.
Contact us to guide you in the legal process required to reach a Lipitor settlement. We will answer any questions you may have, and begin managing your claim immediately. Please fill out the online form on the top right-hand corner of this page, or call the toll-free number below.