The dangerous drug attorneys at the Law Offices of Gregory Krasovsky can provide legal advice and representation to individuals and families considering pursuing a Prempro lawsuit. In order for a plaintiff to secure a maximum settlement in litigation of a Prempro claim, regardless of whether in an individual lawsuit or in a class action lawsuit, it is crucial that the law firm representing you have a competent and experienced team of Prempro lawyers to guide you through all of the legal hurdles as well as direct you to sufficient funding (litigation funding or legal finance) to cover pharmaceutical litigation costs. Contact a Prempro attorney today to schedule a free consultation and take your first step to obtaining compensation for losses caused by Prempro side effects.
Prempro and Premarin are names of vaginally administered estrogens that re made of isolated mare urine. These drugs are manufactred by Wyeth Pharmaceuticals, which has been acquired by Pfizer in 2009, and variants of this drug have been on the market since 1942. Prempro and Premarin have been extremely controversial because of allegations that vaginally administered estrogens might cause breast canccer. These allegations started to arise in much greater force after 2002, when a report was published by the National Institute of Health (NIH), which demonstrated that Prempro greatly increases the risk of stroke, blood clots, heart attacks, and breast cancer.
Since that study was publishing, there has been a huge amount of Prempro litigation. Of the 20 Prempro cases that have gone before a jury, 11 of them have been decided in favor of the plaintiffs. Many of these decisions have awarded millions of dollars in damages. In March 2008, Wyeth agreed to pay out $27.1 million in damages. On another occasion, in February 2008, Wyeth paid out $58 million dollars to three women who had developed breast cancer.
The reason why there has been so much litigation in regards to Prempro is because about 15 million American women have been taking hormone replacement therapy. This means that a potentially massive about of patients were harmed by this dangerous drug. Even though Pfizer attests that less than 1% of women develop any serious side effects, the sheer number of women on this therapy means that many thousands of people will be seriously affected.
Fortunately, Pfizer has set aside $840 million dollars for the purposes of settling over 10,ooo current claims against it. It has also set up an additional $260 million to settle claims in the first nine months of 2012.
It is important to remember that the statute of limitations may have run out in many states, but it is still possible to file a suit against Pfizer under the right conditions. Generally, those women who have been taking Prempro or other hormone replacement therapy drugs for a longer period of time have a better chance of being awarded a sizable settlement.
If you or a loved one has been injured by taking Prempro, then you might be entitled to significant compensation in a Prempro settlement. A Prempro law firm can help you secure that settlement that you deserve. Contact one of our unsafe drug lawyers today to schedule a free and confidential consultation and take the first step to recovering damages and recovering normalcy in your life.