While the most popular blood thinning medication, Coumadin, has been widely used for more than 50 years, the medication has some drawbacks. These drawbacks include the need for stringent and ongoing monitoring of patients in order to prevent hemorrhaging while using the medication. To combat these drawbacks, the makers of Xarelto produced and marketed the drug as a low maintenance alternative. Unfortunately, what the drug’s manufacturer failed to reveal was that there is no known reversal agent in the event that hemorrhaging occurs. This means that patients taking Xarelto who experience hemorrhaging have no real means of reversing the drug’s blood thinning effects.
4 Tips About the Increasing Lawsuits Surrounding the Drug Xarelto
As a result of these issues, many patients and their families are now pursuing legal action against the drug’s manufacturer. The number of these lawsuits are increasing rapidly. The following is an overview as to why:
- The cases in multidistrict litigation are continuing to steadily grow. In March, there were just over 300 actions pending. Today, there are more than 400 actions pending.
- Funding firms are actively promoting case funding options for plaintiffs who need financial assistance in order to pursue a Xarelto lawsuit.
- Xarelto is a blood thinner. Blood thinners are an important medication for the aging population in this country. Currently, the baby boomers, the largest single demographic segment, are entering retirement and simultaneously increasing their use of blood thinners. As a result, the number of potential plaintiffs are naturally increasing.
- When hemorrhaging occurs as a result of Xarelto use, there is no reversal agent. As a result, severe injuries and even death are a possibility, increasing the number of users who may have a claim against the drug’s manufacturer.
Patients are not the only parties that can sue as a result of Xarelto use, in some cases, family members may also be entitled to file suit. Regardless of who is pursuing the legal action—it is important to take action quickly. We encourage you to reach out today for a free consultation.