Eli and Lilly Company stock moved little Friday after Thursday night's announcement of a whopping $690 million Zyprexa settlement. Plaintiff lawyers and Eli Lilly and Co. late on June 9 announced an agreement in principle to settle a majority of Zyprexa claims for $690 million.
While the Zyprexa cases were consolidated in the U.S. District Court for the Eastern District of New York, the Zyprexa settlement will encompass some state and federal claims across the country.
The Zyprexa lawsuit involved nearly 8,000 patients. A majority of them reported diabetic complications after taking the anti-psychotic medication.
A plaintiff's negotiator on Friday said it's a win for all patients because Lilly added a warning to the Zyprexa product label.
According to plaintiffs counsel, Mr. Seeger, "There were doctors that we know of that were prescribing the drug for mood swings and depression and for people who didn't sleep well at night. We had people who had developed diabetic comas, some died, some recovered."
Eli Lilly maintains its top selling drug is safe for patients with bi-polar disorder and schizophrenia.
The company wants to increase its education efforts to doctors to select the right patient population.
Plaintiffs can opt into the Zyprexa settlement or continue to pursue their claims in federal or state court. It is expected that this deal will settle at least 75 percent of the current Zyprexa claims.
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Zyprexa Lawsuits
Zyprexa litigation has been targeted at a number of Zyprexa side-effect problems: Some patients have reported the Zyprexa side-effect of gaining up to 65 pounds after taking Zyprexa. After the weight gain some developed the Zyprexa side-effect of diabetes or glucose abnormalities. Patients who already had the Zyprexa side-effect of theit diabetes growing worse while taking Zyprexa. Worse yet -- patients died from developing diabetes. These patients were never treated for diabetes and didn’t know they had diabetes. Patients under 54 years old, face the highest risk of developing the Zyprexa side-effect of diabetes or having heart attacks and comas when taking Zyprexa.
Side Effects of Prempro - Who is Responsible for them?
Who is responsible for damages from the side-effects of Prempro?
What is Prempro?
Prempro is a medication commonly prescribed for patients in need of hormone replacement therapy (HRT). The drug falls within a category of drugs known as progestins containing conjugated estrogens and medroxyprogesterone acetate.
