Baron and Budd Announces $177 Million Settlement for Seven States Against Avandia Manufacturer GlaxoSmithKline

DALLAS, Jun 13, 2014 (BUSINESS WIRE) -- The national law firm of Baron and Budd has reached a $177 million settlement with GlaxoSmithKline on behalf of the states of Kentucky, Maryland, Mississippi, New Mexico, South Carolina, Utah and West Virginia regarding the deceptive advertising of the diabetes drug Avandia. This result represents the largest settlement of a pharmaceutical case ever for several of the involved states, and a much higher settlement for each individual state than what they would otherwise have received in a multistate settlement reached in 2012. Baron and Budd attorneys Russell Budd, Burton LeBlanc, Laura Baughman and S. Ann Saucer served in the litigation alongside co-counsel and each state’s Office of the Attorney General.In the lawsuit, GlaxoSmithKline, the manufacturer of Avandia, was accused of misrepresenting the safety and efficacy of the drug, specifically stating that Avandia reduced adverse cardiac events, when it actually increased them.Baron and Budd worked with the office of each state’s Attorney General, including Jack Conway, the Attorney General of Kentucky; Doug Gansler, the Attorney General of Maryland; Jim Hood, the Attorney General of Mississippi; Gary King, the Attorney General of New Mexico; Alan Wilson, the Attorney General of South Carolina; Sean Reyes, the Attorney General of Utah; and Patrick Morrisey, the Attorney General of West Virginia.“These states truly made a wise move to opt out of the nationwide Avandia settlement a...

Source: PharmaGossip - June 13, 2014 Category: Pharma Commentators Authors: insider Source Type: blogs