Pfizer Agrees to Settle Most Chantix Lawsuits

The Florida Chantix side effect attorneys at Farah & Farah have been letting our blog readers know about the dangers of Pfizer’s smoke-cessation drug Chantix for some time now. The U.S. Food and Drug Administration (FDA) has required a black box label for Chantix since 2009, warning of the risks of suicidal thoughts and depression associated with the drug.

Pfizer Inc., the manufacturer of Chantix, has entered into agreements to settle some 80 percent of the 2,700 lawsuits concerning the drug. It has cost the drug manufacturing giant around $273 million so far, and the company has set aside another $15 million to resolve all of the remaining claims. The company admits that amount may not be enough to cover future losses.

Most of the lawsuits brought against Pfizer claimed that the company knew of the psychological risks of Chantix, but failed to adequately warn doctors and patients. The announcement of the settlements came after two scheduled bellwether trials were canceled after Pfizer agreed to settle them both out of court for undisclosed amounts.

Many of the agreements still have to be finalized, but a spokesman for Pfizer said in a statement that the resolution of the cases “reflects a desire by the company to focus on the needs of patients and prescribers, and return the conversation to how Chantix can help smokers quit.”

No matter how big the pharmaceutical company or how much money it may generate, you can still fight back if you have been injured from the adverse side effects of a prescription drug. If you have any questions regarding your legal rights and what your options are, call the law firm of Farah & Farah at (800) 533-3555 or contact us online. The review of your case is free and confidential – and there is no obligation on your part.