Do You Have a Case Against a Pharmaceutical Company?Mississippi Legal News
Many people take prescription and over-the-counter medication regularly. Some can’t go about their daily lives without their medication. In fact, according to the Centers for Disease Control and Prevention (CDC), in a survey conducted from 2015 to 2018, 48.6% of Americans used at least one prescription drug in the last 30 days. The global revenue for pharmaceutical companies was over $1 trillion in 2014. The combination of potential customers and the amount that pharmaceutical companies can charge for their products has led to potential issues in marketing, drug safety, and drug efficacy.
Furthermore, in 2017, the total amount of financial penalties paid out by American pharmaceutical companies eclipsed $1.3 billion. If you have suffered harm or injury from medication you’ve been taking, you may have a case. Whether the cause of your injury is improper safety testing, false marketing, drug ineffectiveness, or adverse side effects consulting a personal injury lawyer with experience in pharmaceutical product litigation can help you determine your next steps.
The FDA and Your Rights as a Patient
With some exceptions, all new drugs in the United States must be proven safe and effective by the Food and Drug Administration (FDA). The FDA is a regulatory agency that oversees everything from medical devices to cosmetics to tobacco products. The FDA approval process is strenuous and laborious. Some drugs can take as long as 12 years to gain approval and some pharmaceutical companies can spend as much as $1 billion to test the drug and get it approved. Ideally, all drugs that are approved by the FDA would be safe. But that’s simply not the case. A study released in 2017 found that nearly one-third of FDA-approved drugs were involved in a “safety event” after reaching the market.
The FDA’s imperfection and the profit motives of pharmaceutical companies can lead to real harm being done to patients. It could even happen to you or someone you love. If you’ve ingested medication that’s been recalled, falsely marketed, or improperly tested, you may be entitled to financial compensation. This could include your medical bills, potentially lost wages, and pain and suffering. If you even suspect that you’ve been harmed by medication you’ve taken or medical products you’ve used, you should consider contacting a personal injury lawyer to figure out your next course of action.
Contact a Pharmaceutical Litigation Attorney Today
Modern medicine is a marvel of human innovation and ingenuity. Some of the medications and medical products on the market today have demonstrably improved the lives of millions of people. It is because of modern medicine that people are living longer now than they ever have in the annals of human history. But that innovation comes at a cost.
Many pharmaceutical companies are anxious to release their next new wonder drug so that they can raise their profits for that quarter and their financial outlook for the next six months. But their profit motive and the faults of the FDA can lead to unsafe medications being released to the public, leaving citizens blind to the potential harm that they can cause. This can leave patients who have suffered from medications feeling like they have no recourse. But if this has happened to you, there are multiple things you can do. You can start by calling the Mississippi pharmaceutical product personal injury lawyers at Germany Law Firm PLLC. You can reach them at (601) 401-6884 to schedule your free consultation today.