Tuesday, July 10, 2007

Paxil Settlement On… You Tube;
July 10th, 2007
By Ed Silverman

In an unusual move, the Public Citizen advocacy group has posted a video on YouTube to alert parents to a $48 million settlement of a lawsuit concerning Glaxo’s Paxil antidepressant and side effects. The drugmaker was required to announce the settlement terms last October, but wasn’t to publicize that the terms were improved and simplified in April, the group notes.

Even without receipts, parents can recover up to $100, but any money that isn’t claimed prior to the August 31, 2007, deadline will revert back to Glaxo. Although it’s not clear, Public Citizen may be correct in noting this is the first time such a class-action settlement uses YouTube to publicize terms.

The video, which is just a minute and a half, resembles a public service announcment read by a news anchor, who says: “Now, $48 million is sitting in a fund waiting to pay back parents whose children were on Paxil before their 18th birthday.” You can visit www.paxilpayback.org

See here: www.paxilpayback.org

You are entitled to this money if:
• you live in the U.S. and
• you purchased Paxil or Paxil CR for someone under the age of 18.

If you qualify, you MUST fill out a claim form and mail it to the Paxil Pediatric Settlement Administrator in order to receive compensation. The claims must be received by August 31, 2007.

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