Nexium Class Action Lawsuit
Individual Nexium lawsuits already are underway in America’s legal system, claiming payments for victims’ losses after the medication that’s intended to ease heartburn, indigestion or acid reflux instead caused a horrifying injury such as kidney failure. Nexium class action lawsuits also are a possibility.
As for what is Nexium, it is a second-generation drug in a class of drugs known as proton pump inhibitors, or PPI. Approved by the U.S. Food and Drug Administration (FDA) in 2001, Nexium followed Prilosec, which was the initial PPI drug and was released in 1988. Nexium is designed to relieve excess stomach acid, a condition of many Americans. PPI drugs such as Nexium function in a different way than many antacid medications in that they block the release of acid into the stomach. Besides indigestion, acid reflux and heartburn, they can be used to treat GERD, or gastroesophageal reflux disease, as well as PUD, or peptic ulcer disease (PUD), as well as additional gastrointestinal disorders.
However, PPI drugs have been shown in studies to have dangerous side effects such as chronic kidney disease (CKD) or even potentially fatal kidney failure. Additionally, new medical studies show these heartburn drugs are causing increased risks of stomach cancer too. This has led to Nexium FDA warnings -- and nexium kidney failure lawsuits as well as stomach and gastric cancer warnings too. Chronic kidney disease is one of the most serious Nexium side effects. It is caused by long-term damage to the kidneys, leaving them incapable of filtering toxins and metabolic products out of the bloodstream. Chronic kidney disease can lead to kidney failure -- and death.
Class Action Settlements for Nexium
Already, a class-action settlement for Nexium has been reached by the manufacturer of the drug’s prescription form, British company AstraZeneca. It had introduced Nexium, featuring active ingredient esomeprazole, to replace its drug Prilosec when its Prilosec patent in the U.S. expired in 2001. Later AstraZeneca reached a $20 million class action lawsuit settlement for plaintiffs who argued that the company had employed deceptive marketing practices in order to promote the drug Nexium.
In addition, AstraZeneca reached settlements for price-fixing lawsuits totalling hundreds of millions of dollars for the states of Massachusetts, Kentucky, Alabama and Arizona. This was due to overcharges to Medicaid and Medicare programs for the drugs.
It’s also believed that AstraZeneca could face billions of dollars in criminal penalties for illegally paying a generic PPI drug manufacturer to delay production so that the cost of Nexium could stay high. (Indeed, Nexium is expensive, and can cost about $150 per month.)
Billions in Profits from Nexium & Prilosec
Clearly, AstraZeneca and other manufacturers of proton pump inhibitor (PPI) drugs are reaping huge profits from dangerous drugs. How much are these profits? The American market for drugs in the PPI class, including Nexium, is believed to be worth $9 billion yearly for nine prescription medications and a number of over-the-counter (OTC) versions, including Nexium 24HR. In fact, it’s believed that at least one in every eight American adults has taken such PPI drugs in prescription form. And with OTC versions also now widely available without a prescription, numerous more people have taken those forms of the PPI drugs.
AstraZeneca alone, which makes Nexium and Prilosec, has $26 billion in estimated annual revenues, and Nexium has brought $50 billion to AstraZeneca since it was introduced in 2001. Between 2004 and 2009, Nexium was the No. 2-selling prescription drug in America. Then in 2010 it became the No. 1-selling prescription drug, with $5.3 billion in sales for that year alone.
Nexium Class Action Lawsuits May be Needed
Clearly, with so many Nexium users and so many potential victims, a Nexium class action lawsuits may be needed. That means many plaintiffs can be grouped into single class-action lawsuits seeking justice for all of them. However, individual Nexium lawsuits are also available to for those with serious kidney damage or kidney failure. You may need your individual case to be evaluated by the legal team at the Willis Law Firm to determine your best course of action.
When individuals are harmed by defective drugs, they have a legal right to seek financial compensation for their injury losses. In many individual lawsuits and class action lawsuits, manufacturers have been held responsible for the cost of plaintiffs’ lost salary, medical expenses and pain and suffering as a result of a defective drug injury.
Notify our law firm today for a free legal review of your case, at no obligation to you. Then you can decide if you want to explore an individual Nexium kidney injury, Nexium stomach cancer or a Nexium class action lawsuit.