Posts for the 'Headlines' Category
Ortho Evra recall urged by consumer group
Today the FDA received a petition filed by Public Citizen Health Research Group asking that the agency issue an Ortho Evra recall. The consumer advocacy group asked the FDA to remove the birth control patch from the market due to the risk of serious and potentially fatal injury associated with its use.
>>INFORMATION: Ortho Evra Side Effects
Composix Kugel Hernia Mesh Lawsuits have been filed by over 2,000 people
According to an annual report recently filed by C.R. Bard, Inc, over 2,000 people have already filed Composix Kugel Hernia Mesh lawsuits. Thousands of other potential claims are currently being investigated by attorneys, and many more people could experience hernia repair problems in the future if they had one of the defective Davol/Bard hernia mesh patches implanted to repair a ventral hernia.
>>INFORMATION: Kugel Hernia Mesh Lawsuits
FDA concerned about Fentora problems with wider use
Cephalon, Inc. is attempting to seek FDA approval for Fentora tablets to be used for sudden pain in non-cancer patients who have already developed a tolerance to opioids. An FDA advisory panel is scheduled to meet on Tuesday to review the subject. Documents released in advance of the meeting indicate that the FDA is concerned that wider approval could have a “devastating effect” due to the risk of Fentora overdose and abuse.
Digitek Recall due to risk of Digitalis Toxicity
Last week Actavis Totowa announced a nationwide Digitek recall due to manufacturing defects which caused some of the digoxin tablets to contain double the appropriate amount of active ingredients. This could lead to a substantial risk of a serious and potentially fatal illness, known as digitalis toxicity, especially among those with renal failure. The lawyers at Saiontz, Kirk & Miles, P.A. are reviewing potential Digitek recall lawsuits throughout the United States.
Charles Schwab YieldPlus Settlement Offers for Pennies on the Dollar
The Wall Street Journal is reporting that Charles Schwab is attempting to offer only pennies on the dollar to settle Schwab YieldPlus lawsuits being pursued by investors who lost money as a result of their investment in the bond fund. The lawyers at Saiontz, Kirk & Miles, P.A. are pursuing financial fraud claims on behalf of individuals who suffered losses in excess of $10,000 due to the fund’s heavy investment in mortgage-related securities. The minimal amount of the initial Schwab settlement offers highlights the importance for investors to have representation to make sure they are properly reimbursed for losses suffered.
Congressional testimony about Heparin Problems
Congressional hearings were held yesterday regarding the recent problems with heparin which have caused severe allergic reactions for hundreds of people and killed at least 81. The committee heard testimony from FDA officials and executives from Baxter International, who sold heparin throughout the United States which was contaminated with a substitute ingredient. Emotional testimony was also received from family members of heparin victims.
>>INFORMATION: Baxter Heparin Recall
Doctors are taking Avandia recall into their own hands
Despite the fact that the FDA narrowly voted in October 2007 to not issue an Avandia recall, many doctors have taken the matter into their own hands and stopped prescribing the dangerous diabetes drug. Amid concerns that Avandia increases the risk of heart attacks and other cardiovascular problems, prescriptions for the medication have plummeted over the past year, and new research suggests that doctors intend to continue cutting back on prescriptions.
>>INFORMATION: Avandia Heart Side Effects
Risk of Viagra vision loss, hearing loss and other side effects not disclosed in recent ad
Pfizer, the makers of Viagra, recently received a harsh warning letter from the FDA about an internet ad which promoted their impotence drug without disclosing “any risk information.” The video appeared on CNN.com hailing the benefits of the medication without any mention of the risk of Viagra vision loss, hearing side effects, or any of the other safety information required by the FDA advertising rules.
>>PRIOR POST (10/19/2007): Viagra Hearing Loss Side Effects
Bear Stearns lawsuits filed due to fraudulent misrepresentations
Following the financial collapse of one of the largest investment banks, many investors are pursuing Bear Stearns lawsuits to recover losses caused by fraudulent misrepresentations made by the company. As Bear Stearns stock prices fell amid concerns that the bank may fail, false statements were made to mislead investors about the financial strength of the company. As a result, millions of dollars were lost by investors who purchased shares of Bear Stearns stock between March 12 and March 14.
>>INFORMATION: Bear Stearns Investor Lawsuits
Contaminated heparin problems caused by fraud
The FDA’s top official told a Senate subcommittee today that he believes the recent heparin problems which have injured and killed people throughout the United States, was likely done for economic reasons. A fake ingredient found in contaminated heparin is a cheaper, yet chemically similar to the active ingredient in the blood thinner. Somewhere along the production chain, a decision was made to place profits before the safety and health of thousands of people, and the suppliers and manufacturers now face heparin lawsuits which are being filed on behalf of individuals who have suffered severe allergic reactions or hypotension.
