Bayer AG pays out an average of $212,000 per Yaz and Yasmin case
In a stockholders’ newsletter in July, Bayer said that it’s resolved almost 1,900 cases in which it’s alleged that its Yasmin and Yaz contraceptives caused clots that can lead to heart attacks and strokes.
Bayer AG, based in Leverkusen, Germany put aside a total of $246 million U.S. dollars in 2010 and 2011, according to securities filings, and has now more than doubled it’s reserve for Yaz and Yasmin cases to $610.5 million U.S. dollars.
Bloomberg Report - In an emailed statement, Bayer officials said “We believe we have made appropriate provisions for most of the cases we consider to be worthy of settlement with these accounting measures.”
It is said that Bayer may have to pay more than 2.5 Billion U.S. dollars to resolve all the cases over Yaz and Yasmin.
If you believe that you or a loved one has suffered injury or death due to a defective or dangerous pharmaceutical, you may have a right to compensation for your injuries. The Yaz and Yasmin Lawyers at The Maher Law Firm would like to help. We invite you to contact our trial-tested dangerous drug attorneys today.