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Johnson & Johnson and Bayer Settle Xarelto Lawsuits for $775 Million

One year ago   |   By Fortune

Two pharmaceutical giants agreed on Monday to settle more than 25,000 lawsuits in the United States in which plaintiffs alleged injuries and death due to taking prescription blood thinner Xarelto. According to Reuters , drug makers Bayer AG and Johnson & Johnson , the two companies that jointly developed the medication, have agreed to settle with plaintiffs for a total of $775 million. Under the terms of the agreement, the companies do not admit liability.
Plaintiffs in the case alleged that Bayer and Johnson & Johnson failed to adequately warn of risks associated with taking the...
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