BREAKING NEWS
This content is not available in your region

Economy

Bayer, J&J settle U.S. Xarelto litigation for $775 million

Access to the comments Comments
By Reuters
Bayer, J&J settle U.S. Xarelto litigation for $775 million
FILE PHOTO: Logo of Bayer AG is pictured at the annual results news conference of the German drugmaker in Leverkusen, Germany February 27, 2019. REUTERS/Wolfgang Rattay/File Photo   -   Copyright  WOLFGANG RATTAY(Reuters)
Text size Aa Aa

(Reuters) – Bayer AG and Johnson & Johnson have agreed to settle more than 25,000 U.S. lawsuits over their blockbuster blood thinner Xarelto for a total of $775 million (588 million pounds), court documents on Monday showed.

The amount will be shared equally between the two companies that jointly developed the drug. Bayer and J&J do not admit liability under the agreement.

(Reporting by Tina Bellon in New York; Editing by Bill Berkrot)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.