Zetia and Vytorin Class Action Lawsuit Settled for $41.5 Million
Posted: Tuesday, November 17, 2009
by Katie Kelley
LegalView
The pharmaceutical companies Schering-Plough and their partner Merck & Co. have come to a preliminary settlement agreement with lawyers for patients and physicians taking or prescribing the statin drugs Vytorin and Zetia. The United States District Court for the District of New Jersey has given a settlement package preliminary approval; early reports put the cost to the companies at $41.5 million dollars to be split equally among patients, insurance companies, and individual insurance claims. The Zetia & Vytorin class action lawsuit alleged that the companies misrepresented both drugs in an attempt to boost sales. Claims that the drug was superior to competing anti-hyperlipidemic medications coupled with an inflated selling price were validated in court and the case has been a victory for many patients.
Both companies were implicated in another court-ordered settlement. On January 14, 2008, the New York Times reported that a clinical trial of Zetia designed to show that the drug could reduce the growth of fatty plaques in arteries instead showed a growth of plaques. The trial was called the ENHANCE trial and in April 2006, Merck and Schering-Plough completed research. The companies had initially planned to release the findings in March 2007, however, the companies missed several planned deadlines. In December 2007, the companies finally agreed to publish the results "soon" after the delays were publicized in news reports. In July, 2009 both Merck and Schering-Plough agreed to pay 5.4 million to settle charges related to a separate violation of consumer protection laws. The case hinged on the delayed release of data from this ENHANCE trial. In that case, attorneys general from 35 states and the District of Columbia alleged that the companies intentionally delayed the release of results from the ENHANCE trial in order to promote the efficacy of the two medications and market them as superior alternatives to traditional therapies. The findings from the trial found that the combination statin drug therapy was no better at slowing atherosclerosis (also known as Arteriosclerotic Vascular Disease or ASVD) than simvastatin alone.
High cholesterol levels are a serious concern in the United States. It has been estimated by the American Heart Association that nearly 1 in 5 Americans are candidates for increased chance of heart disease, liver failure, as well as other serious health complications due to high cholesterol levels. Many of the larger pharmaceutical companies have designed and sell medication formulated to correct this condition; these medicines, known as anti-hyperlipidemics, have been some of the most popular and successful drugs in recent past. Approximately 30 million prescriptions are written each year for these cholesterol-lowering medications with an estimated annual revenue of $20 billion for the pharmaceutical industry.
Any individual having taken these drugs who may qualify to be part of Zetia/Vytorin settlement may wish to contact a qualified Zetia attorney or Vytorin law firm.
--------
LegalView.info hosts a wide range of legal resources regarding Zetia. Access to a Zetia Class Action Lawsuit and a Vytorin Lawyer are available free of charge from the website.
This Article has been viewed 764 times. (Not updated in real-time.)
No comments yet.We want your comments! If you can read this, you don't have javascript enabled, so you can't use this comment system. Please enable javascript.