Eli Lilly Agrees to Pay Approximately $700M in Zyprexa Settlement - Brown & Crouppen Poised to Assist Victims
On Thursday, June 9, 2005, Eli Lilly & Co. announced that it will pay $690 million to settle approximately three-quarters of the liability claims against Zyprexa, its top-selling anti-psychotic drug. The lawsuits claim that the label on Zyprexa medication boxes failed to provide adequate warning that the drug could put patients at risk for developing diabetes and other glucose abnormalities. The Brown & Crouppen law firm has developed a press release that explains the Zyprexa situation and the importance of filing claims promptly.
(PRWEB) June 15, 2005 -- Brown & Crouppens team of professional lawyers is pursuing claims on behalf of individuals who have taken Zyprexa, an anti-psychotic drug manufactured by Eli Lilly & Co.
Late Thursday, June 9, 2005, Lilly announced that it will settle approximately three-quarters of the liability claims stemming from claims that the label on Zyprexa medication boxes failed to provide adequate warning that the drug could put patients more at risk for developing diabetes.
Zyprexa is the brand name for olanzapine. It is considered an atypical" antipsychotic medication used to treat Schizophrenia and Bipolar Mania. Approved by the Food and Drug Administration (FDA) in 1996, it is thought that Zyprexa works by decreasing the effects of two chemical messengers in the brain, serotonin and dopamine.
Despite evidence dating back to the 1950s that ties the use of drugs similar to Zyprexa to increased risk of diabetes, pancreatitis, hyperglycemia and other pancreas-related illnesses, Eli Lilly & Co. continues to aggressively market the drug -- which represented approximately one-third of Lillys $4.3 billion in sales in 2004.
While Eli Lilly continues to enjoy the profits from Zyprexa sales, some feel that patients continue to suffer from the known and newly discovered health risks associated with the drug.
Ron Brown, a partner with Brown and Crouppen stated, "due to the nature of the settlement, time is of the essence to preserve the victim's rights." Anyone who has, or is currently taking the drug Zyprexa and has experienced diabetes or other glucose abnormalities, should contact Brown & Crouppen today.
About Brown & Crouppen:
Brown & Crouppen has been building a reputation for success with personal injury clients for over 25 years. Today, the firm is one of mid-Americas largest personal injury law firms with more than 70 legal professionals and five offices throughout Missouri and Illinois. A major emphasis for Brown & Crouppen is dangerous drug litigation involving manufacturers and suppliers of unsafe drugs and products.
For additional information, please visit http://www.brownandcrouppen.com , http://www.Zyprexa-Lawyers.com
Contact:
Brown & Crouppen, Attorneys at Law
Main Office
720 Olive Street
Suite 1800
St. Louis, MO 63101
1-800-536-HELP
dlawrence@brownandcrouppen.com
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