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Bayer Reports More Yaz, Yasmin Lawsuit Settlements | cialis online

Bayer Reports More Yaz, Yasmin Lawsuit Settlements

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Bayer, maker of Yaz and Yasmin birth control pills, reports more lawsuit settlements connected to the oral contraceptives.

According to Bayer AG, settlements over Yaz and Yasmin have topped $402 million and involve claims that the contraceptives caused blood clots in women, said Bloomberg Businessweek. To date, Leverkusen, Germany-based Bayer, has resolved nearly 1,900 cases that involve allegations that Yasmin and Yaz caused dangerous blood clots that can lead to heart attacks and strokes, according to its most recent stockholders’ newsletter.

Bayer said the settlements average $212,000 a case and also said it has more than doubled reserves for Yaz cases—496 million euros ($610.5 million); in 2010 and 2011, Bayer set aside about 200 million euros, according to securities filings, said Businessweek.

“We believe we have made appropriate provisions for most of the cases we consider to be worthy of settlement with these accounting measures,” Bayer officials said in an emailed statement.

Meanwhile, as NewsInferno recently reported, although cases are being settled, lawsuits continue to be filed in the federal Yaz and Yasmin products liability litigation underway in the U.S. District Court, Southern District of Illinois. In fact, 76 new Yaz and Yasmin lawsuits were filed in the early part of July, alone, by plaintiffs alleging the popular oral contraceptives carry increased risks for blood clots, heart attacks, strokes, and other side effects, versus other oral contraceptives.

According to a prior Madison Record, the Court’s website lists about 9,800 lawsuits in the Yaz and Yasmin litigation. The complaints all accuse Bayer and other defendants of failing to sufficiently research their products and hiding contraceptive risks.

Yaz and Yasmin are manufactured with synthetic progestin—drospirenone. In April, the U.S. Food & Drug Administration (FDA) announced that Yaz, Yasmin, and other drospirenone birth control pill labels would be updated with stronger information concerning blood clot risks after research found that these contraceptives were associated with as much as a three-fold increased risk for blood clots, said NewsInferno.

Yaz and Yasmin lawsuits allege the birth control led to a variety of dangerous side effects, including blood clots, deep vein thrombosis, pulmonary embolism, strokes, heart attacks, gallbladder problems, and death, said NewsInferno.

Drug-industry analysts predict Bayer will be paying out more than 2 billion euros to resolve the Yaz and Yasmin cases, said Businessweek.

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