Pfizer Faces Multiple Lipitor Lawsuits
American multinational pharmaceutical company Pfizer is under pressure after facing number of lawsuits related to the side effects of Lipitor.
Consumers say that the company knew about some of the side effects of the drug, but did not take relevant steps to issue a warning. Several studies have shown that the drug Lipitor may cause diabetes, hyperglycemia, ketoacidosis, pancreatitis and other serious side effects.
Lipitor belongs to a class of drugs called statins, which works in the liver to reduce the production of cholesterol, while diabetes takes away the body's ability to produce insulin, which helps convert food to energy.
The U. S. Food and Drug Administration (FDA) has also issued a statement, which reveals some of the potential side effects of statins.
Manufactured by Pfizer, Lipitor is one of the highest selling drugs in the world with annual sales reaching $13 billion. Lipitor was approved by the FDA in 1996.
A study by the University of Massachusetts showed that women taking Lipitor have a 48% higher risk of developing diabetes. The number of federal court filings against the company has reportedly increased from 56 to 1,000 in the last five months, where plaintiffs claim that the use of Lipitor for lowering cholesterol levels, gave them type-2 diabetes. The chances of developing diabetes from Lipitor are even higher in women with common risk factors such as obesity, high blood sugar, or family history of Diabetes.
However Pfizer says, "The safety and efficacy of Lipitor is supported by nearly two decades of research and more than 400 ongoing or completed clinical trials involving over 80,000 patients".
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