Examples include cholesterol drugs cerivastatin (Baycol
) and simvastatin (Zocor).
Berenberg analyst Alistair Campbell said resolving the issue could cost Bayer $5 billion, citing a rough estimate based on a past product liability settlements such as Merck & Co Inc's ((https://www.reuters.com/finance/stocks/overview?symbol=MRK.N) MRK.N ) $4.9 billion settlement over painkiller Vioxx or Bayer's $4.2 billion total settlement over the Baycol
One of the statins (Baycol
) was recently removed from the market because of at least 31 reports of fatal rhabdomyolysis.
Fuhrmans, "Bayer discloses higher death toll from Baycol
," Wall Street Journal, vol.
During the Baycol
crisis of 2004, only 60 deaths caused the FDA to request Bayer to recall its problematic product.
Previous products liability cases implicating statins have famously involved cerivastatin (Baycol
), a one-time rival to Lipitor, for causing rhabdomyolysis.
Bayer, the maker of one-time rival statin Baycol
, paid $1 billion in 2005 to settle about 3,000 cases alleging the drug caused rhabdomyolysis, a disease that breaks down muscle tissue.
2008) (declining to find predominance satisfied and citing McLaughlin in noting that "issue certification" is inappropriate "where the predominance of individual issues is such that limited class certification would do little to increase the efficiency of the litigation"); In re Baycol
The Court failed to mention Vermont's evidence showing that pharmaceutical drug detailing boosted the prescribing of newly approved, brand-name drugs, including Vioxx and Baycol
. (164) This may be because Vermont and other states argued that generic alternatives were safer, not that certain brand-name drugs may be dangerous.
Fifty percent of Americans take a least one pharmaceutical medicine; 20% are taking 3 or more prescriptions daily with over 100,000 deaths per year from taking drugs as prescribed.8 Recent danger issues have caused many drugs to be removed from the market, such as Vioxx, M.I., GI bleeding; Baycol
, rhabdomyolysis; Rezulin, liver failure; Avandia, M.I., stroke (still on the market despite FDA panel recommending recall!).
One statin, cerivastatin (Baycol
), was recalled a few years ago because it caused significant rhabdomyolysis and 31 deaths.
09-1403); In re Baycol
Products Litigation, 593 E3d 716 (8th Cir.