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Bayer Says Yaz, Yasmin Lawsuit Settlements at $402 Million

Filed August 1st, 2012 Laurie

Bayer AG says that settlements of U.S. lawsuits linking the oral contraceptives Yaz and Yasmin with blood clots in woman have increased to more than $402 million.

The Leverkusen, Germany-based drug maker has resolved about 1,000 cases which alleged that the birth control pills can lead to heart attacks and strokes, according to a company stockholder newsletter. Bayer says it has paid $402.6 million to settle the cases, which averages out to about $212,000 per case.

The company has also doubled its reserve for Yaz cases, setting aside $610.5 million.

In April, the Food and Drug Administration ordered contraceptive makers to strengthen blood clot warnings on their products. Pills like Yasmin which contain a synthetic hormone called drospirenone will have warnings stating that researchers found they may triple the risk for blood clot.

Bayer has been dealing with lawsuits since 2009. Attorneys suing the company cited FDA reports of at least 50 deaths tied to the pills from 2004 to 2008. Plaintiffs charged the drug maker with marketing the drugs for unapproved uses and misleading women about their risks.

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