Daiichi Sankyo Settling Olmesartan Product Cases
Daiichi Sankyo says it will settle on behalf of its companies and Forest entities pending product liability litigation involving olmesartan products (Benicar, Benicar HCT, Azor, and Tribenzor). The suits, filed beginning in 1/2014, allege that the products cause sprue-like enteropathy and other severe gastro-intestinal symptoms, the company says.
A settlement fund is capped at $300 million, with a portion of that amount to be used for plaintiffs’ counsel fees and expenses and the cost of the claims administrator.
The company statement says that Daiichi Sankyo believes that the claims made in the suits are without merit and does not admit liability. The statement says the company “remains committed to our medications that contain olmesartan medoxomil, which remain widely used and available to patients with hypertension in the U.S.”