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Washington
(H24N). A federal judge has signed off on a $3.75 billion settlement
between the makers of the failed diet drug supplement fen-phen,
and thousands of users.
Marketed
under the name Pondimin, and a related product call Redux, fen-phen
was withdrawn in 1997 after a Mayo Clinic study linked potentially
fatal heart valve damage to the drug fenfluramine, the "fen" in
fen-phen. The second drug, phentermine, has not been linked to any
serious side effects.
More
than 9,000 claims have been filed against American Home Products,
which manufactured fenfluramine. Under the plan approved Monday,
the company would provide up to $1.5 million per claim, depending
on injuries sustained, or length of time the product was used. Monday's
move by U.S. District Judge Louis C. Brechtle follows the preliminary
approval he granted last year.
American
Home Products Chairman and Chief Executive Officer John R. Stafford
said his company is satisfied: "We have always felt this was a fair
and equitable settlement, and we're very pleased that Judge Bechtle
has agreed." Barring any appeals, claimants could begin receiving
their settlement checks as early as January.
But appeals may be on the way, since many of the attorneys representing
claimants in the case reportedly object that the monetary damages
do not go far enough, and that the settlement has no provision for
people who may develop heart trouble at a later date. An estimated
6 million people took fen-phen before it was yanked off store shelves,
and as many as 45,000 users have refused to join the settlement,
paving the way for more legal action.
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