Nova Legal Funding now offers pre-settlement lawsuit loans for Pradaxa cases. Pradaxa is used to treat patients with atrial fibrillation. The drug is specifically given to prevent stroke in patients who do not have heart disease but are at risk. Pradaxa became very popular after it was approved by the FDA in 2010 because it is much easier to administer than other similar drugs. It is manufactured by Boehringer Ingelheim. In May 2014 they agreed to settle settled more than 4,000 Pradaxa lawsuits for $650 million.
Many people filed suit against Pradaxa because of the many side effects of the drug including indigestion, stomach pain, nausea, and heartburn. More than a thousand people have died from using the drug. Pradaxa is one of the most frequently mentioned drugs in the FDA’s database of adverse event reports.
Boehringer Ingelheim’s Negligence – Side Effects and Current Status of Pradaxa Litigation
Boehringer Ingelheim’s revenues total more than $15 billion. It is the world’s largest family-owned pharmaceutical company. Its sales of Pradaxa alone topped $1 billion in 2012. Even with the negative media reports and surrounding litigation, Pradaxa sales reached $1.19 billion in 2013. One can only imagine the difficulties of fighting such a company.
The effects of using Pradaxa can be devastating. Its intended purpose is to limit the risk of stroke in patients who might be prone. However, the side effects might be worse. Many people taking the drug experienced blood clots, excessive bleeding, and in more than a thousand cases, death.
The FDA received 817 reports of adverse events involving Pradaxa in 2011 alone. QuarterWatch gathered additional reports from manufacturers, databases, and health professionals. Through this, they documented 3,781 serious adverse events.
Serious side effects of Pradaxa include:
- Coughing blood
- Pink or brown urine
- Swelling or joint pain
- Unusual bruising
The risk of bleeding is higher in patients over the age of 75 and those who suffer from kidney problems. If you are not sure if we cover your specific case type, feel free to give us a call.
Qualifying for Lawsuit Loans on Your Pradaxa Case
Nova Legal Funding makes the application and qualifying process very simple. All we need to know to get started in the city and state of your case and the extent of injuries you have sustained. Furthermore, the following conditions must also be met:
- You must have taken Pradaxa
- You must be suffering from any of the listed side effects
- You need to have hired a lawyer.
A pre-settlement loan is essentially a cash advance on your lawsuit settlement. Plaintiffs often have to pay for medical and legal fees until the case is settled which can take years. That doesn’t include regular bills that continue to roll in even while the plaintiffs are recovering. Your pre-settlement loan can be used for many things including medical expenses, personal expenses, and legal fees.
Pradaxa Lawsuit Update for 2016: Average Settlements, Verdict Awards, and Estimating Case Value
Pradaxa was first approved by the FDA in 2010 to reduce the risk of stroke. In less than a year more than 300 negative reports were filed with the FDA. Foreign regulators urged the manufacturer to notify doctors of the risks of prescribing the drug. By the end of 2011, more than 540 people lost their lives after using Pradaxa, and thousands of other people reported suffering from serious side effects. The company itself admitted that its original estimate of 50 deaths was wrong. Studies came out the following year further exposing the risk of Pradaxa.
The first suits were filed against Boehringer Ingelheim in 2012. Over the next two years, more than 3000 other cases would be filed. Some of these early cases included Bertha Bivens who claimed the drug led to the death of her mother. Another was filed by Helen and John Hawkins against Boehringer. Helen was hospitalized for gastrointestinal bleeding after taking Pradaxa.
These cases were consolidated into MDL #2385 in the U.S. District Court for the Southern District of Illinois under Judge David Herndon.
In May 2014, Boehringer Ingelheim announced it would pay $650 million to settle all 4,000 state and federal Pradaxa lawsuits.
People injured by Pradaxa claim Boehringer Ingelheim:
- misrepresented that Pradaxa did not require doctor check-ups to adjust dosage,
- failed to warn or disclose information regarding the risk of serious and fatal bleeding,
- intentionally concealed the fact the Pradaxa was dangerous,
- did not adequately label the drug.
How Much is My Pradaxa Case Worth?
The first round of settlements has been completed, and most clients have been paid out of the initial settlement. At $650 million to settle roughly 4000 cases, each client was awarded an average of more than $160k.
Attorneys are still gathering new cases, however, to go after as patients are still coming forward who have suffered from the drug. In most cases when there is an initial settlement, future rounds of the settlement could settle for less. This is not always the case. Some patients are being advised to expect comparable numbers to the first settlement.
When Will My Pradaxa Case Settle?
Most, if not all, of the initial round of claims, have settled and been paid. There may be a few still let waiting to collect, but the timeframe for that to happen will not be long. Those cases that are still being filed could continue for a while. The manufacturer, as with most pharma companies, has very deep pockets and can drag litigation on. It is expected that Boehringer will settle all claims like they did in the first batch. While the patients wait, though, their bills continue to pile up.
Why choose Nova Legal Funding for your lawsuit loan needs?
Our number one priority at Nova Legal is to provide all clients with honest and reliable service. Our customers come first. We understand the delicate nature of your case and ensure that your information will be protected. We offer 24-hour approval, competitive terms, and no monthly or upfront fees. There are no employment or credit history checks needed to be approved! Better yet, you don’t need to make monthly payments and don’t pay the loan back until your case has settled.
You’ve suffered enough from the effects of using these drugs and the hassle of having to file a lawsuit. Don’t let your bills and other needs add to your stress. A pre-settlement loan will help you get your life back on track.
Nova Legal Funding will help you get a loan, so you can focus on recovery. Call us today at (866) 670-6131 or apply online to start the pre-settlement loan process and get money in your pocket in no time.