Endo Pays $400 Million to Resolve Transvaginal Mesh Suits
Endo International Plc has agreed to a $400 million settlement of transvaginal mesh lawsuits filed by women who were allegedly harmed by implants marketed by one of its healthcare product manufacturers, Bloomberg.com reports.
The agreement will resolve approximately 10,000 cases against American Medical Systems Holdings, according to people familiar with the agreement, that allege similar injuries caused by its Perigee, Apogee and Elevate devices. The Chief Executive Officer for Endo said on September 30th that the company added the $400 million to its $1.2 billion liability reserve for mesh-related claims, which involve devices designed to treat pelvic organ prolapse (POP) and stress urinary incontinence in women. Each case was resolved for $48,000 each in the settlement, according to sources, which joins one reached earlier this year by Endo. Shortly after the U.S. Food and Drug Administration (FDA) unveiled a proposal in April that would impose stricter regulations on transvaginal mesh, company officials agreed to settle 20,000 transvaginal mesh lawsuits against American Medical Systems, for $830 million.
Endo Pays $1.3 Billion to Resolve Mesh Lawsuits
Amounts paid in these settlements, as well as another in June 2013 that resolved an undisclosed amount of claims for $54.5 million, Bloomberg reports that Endo has now paid a total of $1.3 billion to resolve mesh lawsuits.
“We believe these settlements will allow the AMS business to continue its return to growth and enhance focus on operations and profitability,” said a company affiliate.
In 2012, the FDA ordered transvaginal mesh manufacturers including Endo, Johnson & Johnson, C.R. Bard, Inc. and 31 other companies to conduct post-market surveillance studies to confirm the safety of their devices.
Aside from the mesh lawsuits recently resolved by Endo, thousands of additional claims are currently pending in courts throughout the U.S., many of which have been centralized in a federal litigation underway in the U.S. District Court, Southern District of West Virginia. Cases involved in this proceeding accuse Endo, American Medical Systems, Johnson & Johnson’s Ethicon unit, Boston Scientific and C.R. Bard Inc., among other manufacturers of failing to adequately warn women about risks associated with their pelvic mesh products, which they say were designed defectively.
Consider a Transvaginal Mesh Lawsuit
Women who received a mesh implant from Endo’s American Medical Systems, or another manufacturer are encouraged to pursue a lawsuit that seeks compensation for their injury-related damages. Call the Firm today: (877) 779-1414.