Bayer/Janssen Pay $775 Million to Settle Xarelto Claims

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Bayer and Janssen Pharmaceuticals have agreed to pay $775 million to settle about 25,000 claims against blood thinner Xarelto (rivaroxaban) and alleged serious and sometimes fatal bleeding episodes. Bayer expects its liability insurance to cover part of the settlement costs. While the companies say the claims are without merit and there is no admission of liability under the agreement, the settlement would end the distraction and significant cost of continued litigation.

 

In a statement from Janssen, the company says it is hopeful that the settlement will reduce or end news coverage of the litigation and plaintiff lawyer ads trying to recruit clients to join the litigation. “The ads frequently contain unsubstantiated, incomplete and misleading claims about the medicine,” the company says, adding that it can “create barriers to the critical doctor-patient relationship and complicate decisions about treatment options. The consequences of this lawyer advertising can also be deadly. Throughout this litigation, we have received independent reports of deaths, strokes and other adverse consequences due to patients viewing plaintiff lawyer advertising and stopping their prescribed anticoagulant medications.”

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