Celexa Suit is Partly Settled
Monday, November 3rd, 2008For years now we have been hearing about how consumers banded together to sue Pfizer, the maker of both Bextra and Celebrex, over dehabiitating side effects, misrepresention of what these drugs could do to relieve many conditions and deaths. The giant law firm of Hagens Berman has made progress in it’s aim to reimburse individuals who have spent too much money on these matters.
On October 17th 2008 the entire matter was finally settled with Pfizer finally agreeing to pay 87 million dollars to those enrolled in the suit. This is just the tip of the iceberg when it comes to a plethora of lawsuits regarding these two drugs and against this pharmaceutical giant.
The lawsuit was over a misleading ad campaign which claimed that it was a superior drug to all other types of non-steroidal anti-inflammatory drugs. The problem with this claim is that the drugs had no measurable superior effect when compared to equable less expensive drugs.
Hagens Berman also filed suit on behalf of consumers who purchased the drug Celebrex, claiming Pfizer failed to tell consumers of serious side effects including risks of blood clots, heart attack, stroke, and other cardiovascular problems.
According to marketwatch.com, the drug company made a lot of money from these claims and those with lawsuits want their money back. From 1999 through 2003, Pfizer spent more than four hundred million on direct-to-consumer advertising for Celebrex, creating $2.29 billion of profit. As a single drug it accounted for over five percent of the company’s total sales… Bextra, originally approved to treat rheumatoid arthritis, osteoarthritis and menstrual pain in women, to $139 million in the third quarter of 2002.





