3Mon·

Litigation risk increases!

Further class action lawsuits are pending in the USA against $NOVO B (+0.26%) and $LLY (-0.48%) .


How dangerous is it to take weight loss drugs like Ozempic? There is already a class action lawsuit in the USA. The allegation: the drugs can cause severe gastric paralysis. But that's obviously not all.


In the USA, numerous lawsuits against the pharmaceutical companies Novo Nordisk and Eli Lilly are being consolidated due to allegations of possible serious side effects of their diabetes and weight loss drugs. A competent committee of the US judiciary decided on Monday to bundle the lawsuits before a judge in the state of Pennsylvania due to the risk of blindness.


The plaintiffs allege that drugs such as Ozempic, Wegovy and Trulicity can cause blockage of the blood supply to the optic nerve, leading to partial or complete vision loss. The drugs in question belong to the class of GLP-1 agonists. They were originally developed for the treatment of diabetes, but are increasingly being prescribed for weight loss.


The new class action is being heard separately from an existing, extensive class action. In the latter, plaintiffs allege that the drugs can cause severe gastric paralysis. However, both proceedings are being conducted by the same judge.


According to court records, there are currently 30 lawsuits alleging blindness at the federal level and more than 40 in the individual states. The class action lawsuit over stomach problems, on the other hand, includes nearly 3,000 cases. The companies reject the allegations. They argue that the risks are known. In addition, it is not possible to change the design of the drugs without the approval of the US Food and Drug Administration (FDA). The lawyers have not yet issued a statement.


Compensation for four patients in Denmark

In Denmark, four patients received compensation in November because they had developed serious eye diseases after taking weight loss or diabetes medication. As the Danish Patient Compensation Authority decided, the four patients concerned will receive a total compensation payment of 800,000 Danish kroner (equivalent to around 107,000 euros). The patients had each used the weight loss drug Wegovy or the diabetes drug Ozempic, both of which are manufactured by the Danish pharmaceutical company Novo Nordisk.


Depending on what impact the disease will have on their future lives - for example, if it affects their ability to work - the compensation payments could still increase, the authority explained. Medical compensation in Denmark is usually paid out by the health authorities. In total, more than 40 people have claimed compensation after developing serious eye diseases after using the drugs. The authority has so far ruled in five cases.


https://www.n-tv.de/wirtschaft/Weitere-Sammelklage-gegen-Ozempic-Hersteller-id30147418.html

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I will never understand something like that... You take a shortcut knowing full well about the side effects and then when they occur, you complain.
If you have high sugar levels over a long period of time, this will eventually affect your eyesight. I'm already preparing a lawsuit. Dear God, Santa Claus, St. Mamson. They can all dress warmly...
You can still expect a little personal responsibility, can't you?
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@Daniel1212 Many eat the convenience crap, packed full of chemicals and sugar, become obese, then allegedly can't tolerate weight loss injections uuuuhhh then suddenly it's the nasty bastards of the pharmaceutical industry...you can't make up such nonsense.
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Then I'll soon be suing the tobacco industry and then all the alcohol manufacturers because my liver and lungs have been affected. Yes, they may have said it beforehand, but it's going to be so bad, for God's sake. And when I take a medication, there's always a big note in the packet with lots of words on it that you should probably read and if you take the medication, no one is forcing you to take it, then I'm responsible for it myself and I don't mind taking the risk. So I sometimes don't understand why these people get paid for it. Unless there are severe side effects that were not listed but were perhaps known in the study. That's something else, of course, but we don't know that.
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@Finanzaristokrat However, the last point will play a major role in the judgment.
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@Multibagger but that can still take years with appeals and expert opinions. Nothing is eaten as hot as it is cooked.
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I read something somewhere about a total of 2 billion. So that's the total claim against all the companies, not what Novo might have to pay. Settlements are the usual solution in such cases, with rather smaller payments than the stated sum. This is spread over years ... the bad press is currently more of a problem than the 10 portions of fries that then have to be written off. I remain invested, it's also easy to say with +100% 🤓
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There is a real litigation industry in the USA. As a victim, you hope for huge sums of money. And some of them are awarded by the courts - especially if the defendant company is not a US company (see Bayer).
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Deleted User
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@juliana-investment and you'll still be a troll. Don't worry, we know who you are. Go home!
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Deleted User
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@juliana-investment Fake account was also reported
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