News Tagged ‘lawsuits

Dark cloud hangs over Avandia despite FDA vote to keep it on market

fda logo 100x100After two days of deliberation, a Food and Drug Administration (FDA) advisory panel voted Wednesday to keep the drug Avandia on the market despite studies that suggest the medication puts people at greater risk of heart attacks and strokes. The decision was hardly decisive. Among five possible recommendations, the option to withdraw from the market received the most votes, however a majority voted to keep it on the market in some form. Thus the drug will still be available.

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GSK to pay $460 million to settle Avandia lawsuits

us money photo 100x100While an expert panel in the U.S. reviews evidence to decide whether to pull the popular drug Avandia off the market due to an increased risk of cardiovascular events, BusinessWeek reports that the drug’s maker, (GSK), has agreed to pay about $460 million to settle lawsuits alleging the company hid evidence that increased the risk of heart attacks and strokes. GSK faces more than 13,000 lawsuits and has agreed to settle about 10,000 of them. was to face its first trial in federal court in October. BusinessWeek reports that the FDA review helped prompt the company’s decision to settle the suits.

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Avandia sales drop hurting GlaxoSmithKline

A UK newspaper reported yesterday that drug giant (GSK) – the second largest pharmaceutical company in the world – will cut 150 or more scientists and support staff positions.

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Avandia a big risk to your heart

Montgomery, AL: Joyce A. says she did not know that Avandia could cause so many health problems, at least she did not know until her doctor took her off and put her on another drug. Unfortunately, this happened after she was hospitalized two times with severe chest pains. Although she has started to recover since being taken off , she says she still experiences some pain.

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