“Decent Performance” for Fresenius…
Even as GranuFlo and NaturaLyte Patients (and Their Survivors) Suffer
The dialysis company, Fresenius — makers of the drugs GranuFlo and NaturaLyte, which have been at heart of many recent North Carolina injury lawsuits — turned in a “decent performance” financially in the most recent quarter.
Executives say the company will make more than $1.3 billion in profits in 2013, thanks to its intravenous drugs and medical devices. Shares are up, and 14 different forecasts put together by the Bloomberg News Services suggest that 2013 will be a bumper year for Fresenius.
Would that it would also be a bumper year for the hundreds of people who suffered serious cardiac events after their bicarbonate levels were elevated during GranuFlo and NaturaLyte therapy. Fresenius Medical Care’s revenue per treatment has also gone up. In 2012, it was around $351 per treatment. That number has spiked to $368 per treatment. Meanwhile, many families who were devastated by surprising cardiac events are scrounging to keep from defaulting on their mortgages, bailing out to avoid aggressive debt collectors, and begging friends and family members to help cover the costs of the essentials.
These comparisons are not meant to begrudge businesses their profits.
In fact, we need companies to make decent products to add value to the human experience and to reduce pain and suffering. They should be entitled to reap profits. In fact, without the profit incentive, many of these companies would not take risks and invest the capital needed to make our world better and more free of suffering.
The point in bringing up this contrast is to illustrate the disconnect — that victims in personal injury cases in North Carolina (and elsewhere around the world) often are worlds apart from the companies that — by dint of carelessness, neglect, or whatever — engage in negligent act or acts of omission that put them at risk.
It’s unclear how the “legal drama” with the Fresenius GranuFlo and NaturaLyte lawsuits will play out. However, it’s abundantly clear that defective medical device and product victims — and their families — are undereducated and undersupported.
Fortunately, we here at the law offices of Michael A. DeMayo can help.
Our experienced team can help you understand how/whether you might be able to bring a personal injury lawsuit or other type of legal action, so that you can maximize your chances for justice and compensation and minimize the your hassles and lack of clarity.
Call us now to set up a free consultation at (877) 529-1222.