Actos Side Effects Partially Explain 46% Sales Drop
By John Curran
If Takeda Pharmaceutical was a person, it would be feeling the same pain as Actos bladder cancer sufferers. The firm faces hundreds of cases in federal court, with more being consolidated from claims by Actos multi-district litigation (MDL) attorneys. And the money is slowing to a trickle.
It was partly to be expected, though. While Actos side effects are already costing the company money, other pharmaceutical manufacturers were eager to jump in on the Type 2 diabetes drug. It became available in generic form over the summer (chemical name: pioglitazone), with three manufacturers trying to maximize profits during a six-month window. After that, in spite of significant Actos bladder cancer risks, nearly every generic maker will put Actos on the market.
That hurts Takeda Pharmaceutical over the long-term. It is shocking how much of an impact it is having over the short term. Consider that from May 1 to the end of September, sales dropped by nearly half. Its exclusivity period has only been lost for about a month and they are being hurt badly. It doesn’t help, of course, that Actos MDL attorneys are bringing attention to bladder cancer and other severe risks.
Still, those figures need context. Takeda still made more than half a billion dollars, using conservative estimates. What is more important is for people who may now be able to afford the medication to understand the real risks of Actos bladder cancer conditions. It is already banned in several countries, and at the low end has a 40 percent higher risk of causing bladder cancer than placebo.
The most recent study says that Actos side effects double the risk of bladder cancer compared to the average person and was published in the prestigious British Medical Journal. In spite of that, the FDA is still letting companies milk the Actos cash cow, in spite of numerous studies to the contrary.
There is help for those have been impacted by Actos side effects. Get started at our Actos Bladder Cancer Class Action Lawsuit Investigation. When you fill out the short form there, an experienced pioglitazone lawsuit lawyer will contact you to review the facts of your case. You may be eligible to pursue a claim against Takeda Pharmaceutical or one of the generic manufacturers.
It costs you nothing, but may offer you the peace of mind you deserve. Find out whether becoming a plaintiff makes sense, and contact one of our partner pioglitazone lawsuit lawyers now.
Updated November 9th, 2012
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