(xpost) $775 million settlement reached in lawsuits over Xarelto blood thinner

https://www.usatoday.com/story/money/2019/03/26/xarelto-lawsuits-775-m-settlement-reached-cases-over-blood-thinner/3274432002/

$775 million settlement reached in lawsuits over Xarelto blood thinner

Kevin McGill, Associated PressPublished 12:00 a.m. ET March 26, 2019

NEW ORLEANS – The pharmaceutical companies behind the widely advertised blood thinner Xarelto reached a $775 million settlement in 25,000 lawsuits alleging patients were not adequately warned about the risks of life-threatening complications, plaintiff attorneys and the manufacturers said Monday.
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Xarelto is the brand name for the drug rivaroxaban. Among its uses is treatment and prevention of blood clots in the leg or lung and prevention of strokes in people with irregular heartbeats. Heavily advertised on television, it was hawked in a widely seen 2015 ad featuring comedian Kevin Nealon, golfer Arnold Palmer and NASCAR driver Brian Vickers.

Lawsuits dating back to 2014 had been consolidated in federal court in New Orleans. They involved claims that users of the medication marketed by Bayer Healthcare and Janssen pharmaceuticals were not adequately informed of risks of life-threatening complications including internal bleeding, strokes and deaths.
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Attorneys for the plaintiffs called the settlement a "fair and just resolution" in a statement outlining its details. It said a court-appointed special master and a claims administrator will be appointed to manage claims and process any appeals.
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