When you or a loved one suffers due to a defective drug, the consequences can be life-changing. From skyrocketing medical bills to lost wages, the financial burden is only the start. But beyond this, there’s also the fight to hold pharmaceutical companies accountable. However, these cases often drag on for years, leaving victims in a terrible financial situation.

Pre-settlement funding, often called a lawsuit loan, is a way to access the money you need now while awaiting a defective drug settlement to come through. This type of financing can help you cover your daily expenses without having to settle for less than you deserve. Let’s explore how this works and why Baker Street Funding is your go-to source for reliable, ethical funding solutions.

What Makes a Pharmaceutical Drug Defective?

Defective drugs can harm consumers in various ways. These defects generally fall into three categories:

Design Defects

A design defect occurs when the very blueprint of a drug is inherently unsafe. An infamous example is the thalidomide tragedy of the 1950s, where a drug meant to treat morning sickness in pregnant women led to severe birth defects.

Manufacturing Defects

Even when a drug’s design is sound, errors during manufacturing can also be extremely dangerous. These defects may introduce harmful contaminants, incorrect dosages, or inconsistencies in strength. For instance, contamination of blood pressure medications with carcinogens triggered massive recalls in recent years.

Labeling Defects

Misleading or insufficient labeling is another common issue. If a drug fails to provide adequate warnings about potential side effects, consumers might unknowingly put themselves at risk. The absence of clear instructions for a medication like Accutane, which has caused serious birth defects, should serve as a wake-up call—no one is truly safe with these drugs.

Lawsuits and Compensation for Dangerous Drugs

If you’ve been harmed by a defective drug, the law provides avenues for you to seek compensation. Here’s how the process typically works:

Filing a Drug Liability Lawsuit. The process usually begins with filing a complaint that outlines the harm caused by the defective drug. Your attorney will gather evidence, from medical records to expert testimony to prove that the drug was indeed defective and directly caused your injuries and build a strong case.
Potential Compensation. Victims of defective drugs may be eligible for various types of compensation. This can include medical expenses, lost wages, pain and suffering, and, in some cases, punitive damages. For instance, the Vioxx litigation led to a $4.85 billion settlement to compensate thousands of claimants.

Types of Compensation

Victims of defective drugs may be entitled to various forms of compensation, including:

Medical Bills: Covering the costs of treatment resulting from the drug’s harmful effects.
Lost Wages: Compensating for income lost due to the inability to work.
Pain and Suffering: Acknowledging the physical and emotional distress caused.
Diminished Quality of Life: Recognizing the long-term impact on your daily activities.
Ongoing Medical Treatments: Covering future medical expenses related to the injury.

Examples of Scandalous Big Pharma’s Bad Drug Settlements

GlaxoSmithKline. $3 Billion for unlawfully promoting prescription drugs.
Pfizer. $2.3 Billion for illegal promotion of various pharmaceutical products.
Johnson & Johnson. $2.2 Billion for off-label marketing of prescription drugs.
Amgen. $762 million settlement for marketing Aranesp for unapproved uses.
TAP Pharmaceutical. $875 million settlement for inflating prices and engaging in fraudulent marketing of drugs like Lupron.

Pre-Settlement Funding for Lawsuits Involving Defective Drugs

Pre-settlement funding for lawsuits involving defective drugs approved by the FDA is a financial service that provides plaintiffs with a cash advance while they await the resolution of their legal case. When a drug approved by the FDA turns out to be defective or causes unexpected harm, patients often file lawsuits against the pharmaceutical companies responsible. These cases can take years to resolve, which creates financial strain for those involved.

Pre-settlement funding steps in to ease this burden. It’s not a traditional loan; rather, it’s a non-recourse cash advance based on the potential outcome of your bad drug lawsuit. This means you only repay the advance if you win your case. The amount you can receive is determined by the strength and expected value of your lawsuit.

This funding can be used to cover living expenses, mortgage or rent payments, medical bills, and other financial obligations during the prolonged litigation process.

How Does the Lawsuit Loan Application for Dangerous Drug Lawsuits Work?

Applying for a lawsuit loan, also known as pre-settlement funding, for a defective drug lawsuit is a straightforward process. Here’s how it works:

Initial Application. The process begins with you filling out an application. This can usually be done online or over the phone at (888) 711-3599. You’ll provide basic information about your case, including details about the drug involved, the harm it caused, and the status of your lawsuit.
Attorney Involvement. Your attorney will need to provide documentation that supports your case, such as medical records, the lawsuit complaint, and any other relevant legal documents.
Case Evaluation. This involves reviewing the merits of your lawsuit, the potential settlement amount, and the likelihood of a favorable outcome. This evaluation helps determine how much funding you may be eligible to receive.
Approval and Offer. If your case is approved, you will get an offer. This will include the amount of the cash advance, the interest rate, and the repayment terms. It’s important to review these terms carefully, and your attorney will also need to approve the agreement.
Funds Disbursement. Once you and your attorney sign the agreement, the funds are disbursed. You can typically receive the money within hours, either via direct deposit or check. The funds are yours to use as needed—whether for medical bills, living expenses, or other financial obligations.

Repayment is only required if you win your case. The amount is paid directly from your settlement or award, so you don’t have to worry about out-of-pocket expenses during the litigation process. If your case doesn’t result in a favorable outcome, you owe nothing—there’s no repayment required.

To qualify, you’ll need:

Experienced and Cooperative Counsel
Strong Case
Must be 18+ Years of Age
Must Live in a Fundable State
Defective Drug Claim Worth Over $50,000

What Drug Lawsuits Qualify for Pre-Settlement Funding?

Essure Cases – A permanent birth control device linked to severe health complications.
Hair Relaxer – Certain hair relaxers have been alleged to cause serious health issues, including cancer.
Purdue Opioid – Involves the misleading marketing and over-prescription of opioid painkillers, leading to widespread addiction and health crises.
Truvada (“Gilead”) – A lawsuit involving claims that the HIV medication caused kidney and bone problems due to its defective formulation.
Valsartan – Blood pressure medication contaminated with carcinogens, leading to claims of increased cancer risk.
Xarelto – A blood thinner linked to severe, uncontrolled bleeding incidents.
Zantac – An antacid medication found to contain NDMA, a probable human carcinogen, leading to cancer lawsuits.

Baker Street Funding reserves the right to change or discontinue funding these cases at any time without prior notice.

Key Merits for Legal Funding Approval in a Defective Drug Lawsuit

For defective drug lawsuits, pre-settlement funding companies assess certain merits to determine approval, such as:

Criteria	What Legal Funding Companies Look For
Causation Between the Drug and the Injury	Direct Causation: Your attorney must demonstrate that the injury wouldn’t have occurred without the drug. Medical Records: Medical records showing the onset of symptoms or injuries after taking the drug. This includes detailed notes, test results, and timelines linking the drug to the injury. Expert Testimony: Expert opinions from medical professionals, such as pharmacologists or toxicologists.
Evidence of Defect (Design, Manufacturing, or Labeling)	Design Defects: Evidence that the drug was inherently unsafe due to its design, such as clinical trials, scientific studies, or prior similar cases. Manufacturing Defects: Documentation proving contamination, improper production, or dosage inconsistencies can include batch testing results, FDA reports, or manufacturing records. Labeling Defects: Evidence that the manufacturer failed to provide adequate warnings or instructions. This might include packaging, inserts, or comparisons with FDA guidelines.
Impact on Your Life	Severity of Injury: Severe, long-lasting injuries that require ongoing medical treatment or result in disability. Economic Damages: Well-documented evidence of financial loss, including lost wages, medical bills, and future care costs, to assess the case’s value.
Regulatory Issues and FDA Involvement	FDA Warnings and Recalls: Cases involving drugs subject to FDA warnings or recalls and proof of the manufacturer’s failure to comply with FDA regulations or industry standards.
Potential for High Damages	Class Action Potential: Cases that could be part of a class action, where the defective drug has harmed many people, are more likely to be approved for funding due to the potential for a large payout.

Need a Defective Drug Pre-Settlement Loan?

If you’re facing financial struggles while trying to get justice for a defective drug injury, don’t let the pressure push you into accepting a low settlement. At Baker Street Legal Funding, we’re here to help with transparent and ethical funding options in just 24 hours. Our non-recourse loans mean you only pay us back if you win, and our rates start as low as 2.95%.

With Baker Street Legal Funding, you can rest assured knowing that you have access to the cash you need quickly. Apply for pre-settlement funding today and regain control of your financial future.