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Bayer Prepared to Pay Billions to Settle Yaz, Yasmin Settlements

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According to Bayer’s second quarter stockholder newsletter, the company is expecting Yaz and Yasmin settlements to reach more than $1.2 billion. The newsletter reported the number of lawsuits over the oral contraceptives has reached 12,325. As of mid-July, Bayer had agreed to settle with 1,877 U.S. plaintiffs for a little more than $402 million. Currently Bayer is only negotiating settlements in cases that allege venous clot, pulmonary embolism, and Deep Vein Thrombosis (DVT) injuries.

While many lawsuits have been filed alleging arterial blood clots, Bayer has not begun to address those accusations.

The lawsuits allege that Yaz, Yasmin, and similar birth control pills contain the synthetic hormone drospirenone, which is more likely to cause serious side effects, including DVT, stroke, blood clots, and pulmonary embolism, then other types of birth control pills. The lawsuits say that Bayer knew or should have known that the drugs could cause these serious and potentially life-threatening side effects, yet failed to adequately warn consumers and physicians about these risks.

The U.S. Food and Drug Administration recently recommended the warning labels on the drugs should be strengthened, and noted the possibility that further studies were needed

breakinglawsuitnews.com disclaimer: This article: Bayer Prepared to Pay Billions to Settle Yaz, Yasmin Settlements was posted on Wednesday, August 22nd, 2012 at 8:45 pm at breakinglawsuitnews.com and is filed under Defective Drug Lawsuits.

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