Bayer Warns Shareholders of Yaz Settlement Costs

Posted by Buck Daniel

September 6, 2012 – Bayer recently informed its investors of the potential costs that will be necessary to settle outstanding lawsuits regarding its birth control medication, Yaz. The company admits it faces no fewer than 12,325 lawsuits regarding the higher risks associated with its product. Nearly half of the lawsuits considered by Bayer have been brought for blood clot injuries only, while the other half includes heart attacks, strokes and gallbladder issues. However, in official statements, Bayer defends its products as carrying no greater risk than any other oral contraceptives, despite what studies suggest. The FDA has continued to push Bayer to strengthen its label regarding the dangers of Yaz, but the company has no intention of taking the birth control medication off the market.