Bayer Ready to Settle Birth Control Lawsuits

Bloomberg News is reporting that Bayer Pharmaceuticals, Inc. is prepared to settle approximately 500 Yaz and Yasmin birth control lawsuits for a total of $110,000,000. It’s also reporting that individual lawsuits will amount to approximately $220,000 per lawsuit.
According to Bloomberg, “The settlements come as the U.S. Food and Drug Administration April 10 ordered Bayer and other contraceptive makers to strengthen the blood-clot warnings on their products.
Pills like Bayer’s Yasmin, which contain a synthetic hormone called drospirenone, will have warning labels saying researchers have found they may triple the risk for clots.
Bayer’s contraceptives generated $1.58 billion in sales in 2010, making them the drugmaker’s biggest-selling drugs after Betaseron, a multiple sclerosis medication. The Yasmin drugs have been the focus of regulators who question their safety.
“Bayer HealthCare confirms that some cases pending in the current YAZ/Yasmin litigation in the U.S. are being settled,” Rosemarie Yancosek, a U.S. spokeswoman for the drugmaker, said in an e-mailed statement. She declined to comment on the number of cases settled or the amount of the accords.