When Fleas Attack: Pfizer Settles for $894 M
Erik Gordon, head of biomedical industry programs at Stevens Institute of Technology (Hoboken, NJ) compared Pfizer’s current crush of lawsuits to “having a thousand fleas attack a dog at the same time.” Last week, Pfizer finally decided it was time to lighten the load and the company agreed to settle a huge majority of its lawsuits over its now-withdrawn pain reliever “Bextra” and its still-marketed drug “Celebrex.”
Of the total $894 million settlement, $745 million will go to settle the nearly 7000 personal injury claims stating the anti-inflammatory drugs led to elevated risks of heart attacks and strokes. The rest will go toward consumer fraud cases and settlements with attorneys general in 33 states and the District of Columbia.
Plaintiff attorney Perry Weitz said it gives Pfizer “closure and the claimants their money sooner, rather than later, or never at all.” Two independent rulings, one by a New York state judge overseeing state-level personal injury cases and another by a federal judge in San Francisco who coordinated pretrial steps in the federal lawsuits, found that the plaintiffs had failed to provide “significantly reliable” scientific evidence to strengthen their case.
So in the end, it seems like both sides had just grown tired. Did the industry or consumers gain anything for the betterment of public health? And it seems awkward to me that the same biomedical science on which this industry so heavily relies to prove safety and efficacy would in the end be unable to legitimately free it from its “parasitic infestations.”
When Mr. Gordon used the comparison of “fleas on a dog” to the dead and injured that were a result of Big Pharma’s want of greed,
I was appauled to say the least.
But then I gave it some thought….you see just like fleas on a dog..
you may get rid of them for a while….but they always seem to return.
Same with Big Pharma…as long as the FDA let’s them get away with their dirty deeds ….they will always have an infestation.
Keep you operation clean and not let it run “wild” and chances are the fleas will not return..
(one of the fleas)