Lawsuit Numbers Increase As Allegations That Actos Maker Put Profit Before Patients

NEW YORK, Oct. 8, 2014 /PRNewswire/ -- It doesn't pay to conceal knowledge when it comes to peoples' health. Takeda Pharmaceuticals and Eli Lilly, learned that lesson the hard way following one of the U.S.'s largest verdicts resulting in a $9 billion punitive-damage award being handed down over allegations that the drug company concealed knowledge of Actos bladder cancer risks. The drug company is currently appealing.

Actos, a widely prescribed diabetes medication since 1999, is a type of thiazolidinedione (TZD) that has been connected to a slew of serious side effects such as bladder cancer, cardiovascular problems, liver issues and bone fractures. It was reported that the Federal Drug Administration (FD) mandated a black warning for Actos heart failure risks but no such labeling exists for bladder cancer.

It has been reported that clinical research and thousands of post-market reports have suggested that long-term exposure to the TZD drug increases the chance of tumor formation in the bladder. There are currently more than 3,500 Actos bladder cancer lawsuits in federal court.

Litigation involving the alleged life-threatening Actos side effects has gained momentum as patients argue that bladder cancer risks were not sufficiently warned about. Allegations such as those associated with Actos cause concern for many people who have and still take the drug. For those who are currently involved in a lawsuit regarding Actos, or who may be pursuing a case, Pegasus Legal Funding, LLC, is a resource.

"The unfortunate thing about some of the large pharmaceutical companies is that there can sometimes be more of an emphasis put on the amount of money a drug brings in rather than on the safety of those taking it," said Bob Tansey of Pegasus. "When dealing with cases involving billions of dollars, lawsuits can take time and many victims aren't able to wait it out until their case is successfully resolved due to financial constraints. That's when a resource like Pegasus can help."

If you or a loved one have been a victim of pain and suffering or death related to drug side effects and need lawsuit settlement funding you may apply right now to: http://www.mylawfunds.com/contact-us.html. As a direct funding company, Pegasus is in a unique position to provide assistance to you depending of the facts of your case.Pegasus does not offer a "lawsuit loan," lawsuit loans, pre-settlement loans, or a pre-settlement loan; however, we offer non-recourse lawsuit cash advances. To learn more about this please visit our website. If you prefer to speak to a live representative confidentially and professionally about your specific case and funding needs you may call Pegasus' toll free hotline at 855-FUND-YOU/855-386-3968.

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SOURCE Pegasus Legal Funding