Here is postscript to this morning’s Avandia Post. Unbelievably, despite serious side effects that are known to cause liver damage, heart disease and death; despite a $460 Million acknowledgment of these serious side effects by GlaxoSmithKline in partial settlement of a multiple victim lawsuit, the FDA panel conducting hearings on the dangers of the drug has, this morning, recommended that the drug may remain on the market in U.S. pharmacies.
The vote by the 33 member panel was 20-12 with one abstention. I suppose that the U.S. Chamber of Commerce is gloating at the corporate victory of profits over people. After all, what difference does it make if a few people die of liver and heart damage as long as Glaxo can make millions, perhaps billions, off Avandia sales? Lawsuit payouts, obviously, are dwarfed by the profits being made off of this dangerous medication. Glaxo should voluntarily remove this product from the market place; shame on them and shame on the FDA panel that permitted this company to continue to produce this dangerous product. The public’s only hope? That sensible doctors will stop writing scripts for this killer drug and that lawyers will continue to sue the hell out of everyone associated with Avandia. The only thing that will save the public from Avandia is to make producing it and selling it an unprofitable venture for its manufacturer. And that, my friends, is the sad truth about corporate America in the 21st century.
Mark Bello has thirty-three years experience as a trial lawyer and twelve years as an underwriter and situational analyst in the lawsuit funding industry. He is the owner and founder of Lawsuit Financial Corporation which helps provide cash flow solutions and consulting when necessities of life funding is needed during litigation. Bello is a Justice Pac member of the American Association for Justice, Sustaining and Justice Pac member of the Michigan Association for Justice, Business Associate of the Florida, Tennessee, and Colorado Associations for Justice, a member of the American Bar Association, the State Bar of Michigan and the Injury Board.