FRANKFURT -- German chemicals and pharmaceuticals group Bayer AG said on Thursday it had settled 1,683 lawsuits over recalled cholesterol drug Baycol out of court for $614 million. "We have settled 1,683 lawsuits and there are no trials scheduled for this month," a spokeswoman said. The figures are up from $477 million spent to settle 1,342 cases at the time of its last update on September 10. Bayer said on its website it now faced 11,300 lawsuits over the drug, up from 11,200 earlier.
Posted by Editor at October 16, 2003 10:59 AM