$775 Million Dollar Xarelto Lawsuits Settlement
March 29th, 2019
Five years after the $650 Million Pradaxa settlement, another drug company has agreed to pay big money to resolve claims that its blood thinner was a defective pharmaceutical product.
The $775 million dollar settlement covers roughly 25,000 individual lawsuits in both federal and state courts., however, this is not a class action settlement. These cases were never consolidated into any type of Xarelto class action, but instead, they were all filed individually against the manufacturers. The plaintiffs in these suits allege that Xarelto’s manufacturers knowingly sold a dangerous drug which could cause serious injury. Personal injury attorneys also argues that the manufacturers failed to warn patients about a known risk. Johnson & Johnson, which made almost $3 billion from Xarelto sales, denied liability and continued to insist the drug was safe.
In 2014, German manufacturer Ingelheim agreed to pay $650 million to settle 4,000 lawsuits concerning Pradaxa, which is a similar anticoagulant.
The Xarelto (Rivaroxaban) Story
Informally, both Xarelto and Pradaxa are in the too-much-of-a-good-thing category. These anticoagulant medications, especially Xarelto, made millions for Bayer and Johnson & Johnson, the two pharmaceutical giants which developed and sold the drug. Post-surgical patient often take anticoagulants to prevent blood clots. Such clots normally form near the surgical area. If they migrate to the heart, they can be fatal.
For years, Warfarin (Jantoven or Coumadin) was the go-to anticoagulant. It was effective, but did not completely prevent clots. Additionally, doctors had to closely watch dosage and patients had to observe strict diets. So, daily blood tests were the norm. Xarelto was a stronger drug which did not require constant monitoring.
However, unlike Warfarin, Rivaroxaban did not have an antidote. If patients suddenly bleed uncontrollably, there was no way to stop it. Drug makers knew about this fatal flaw, but continued selling Xarelto as a Warfarin alternative.
If you would like more information on the Xarelto settlement, visit our Xarelto Lawsuits page or give us a call at 1-800-298-0111 to be put in touch with an attorney who may be able to assist you.
Paul Cannon has practiced personal injury trial law since 1995. He is Board Certified in Personal Injury Trial Law (2005). He has earned recognition as a Super Lawyer by Thompson Reuters in 2017 & 2018, and as a Top 100 Trial Lawyer by the National Trial Lawyers Association in 2017. He is a Shareholder, trial lawyer and online marketing manager at Simmons and Fletcher, P.C. His legal writings have been published by the Texas Bar Journal, Business.com, Lawyer.com HG Legal Resources, Lawfirms.com, and others. He has been asked to give education talks and media interviews on dog bite law.