Endo Settles Some Vaginal Mesh Lawsuits for $55 Million
An Endo Health Solutions (ENDP) Inc. agreed to pay $54.5 million to settle some lawsuits that allege that its vaginal-mesh implants eroded in some women and left them incontinent and in pain. Officials of American Medical Systems, Inc., (AMS) which manufactures vaginal-mesh devices, including Perigee, Apogee, and Elevate, said it was paying to resolve an undisclosed number of suits.
Endo representatives earlier this years said that suits filed over the implants had risen to about 5,100. Endo acquired AMS for $2.9 billion in 2011.
Endo is one of four companies facing a total of 29,000 suits filed by women who claim the vaginal implants injured them. The cases have been consolidated for pre-trial proceedings before a federal judge in West Virginia. The first trial is scheduled to take place starting July 8th before U.S. District Judge Goodwin in Charleston, West Virginia. It is not exactly clear how the settlement will impact those proceedings.
More information available at https://www.bloomberg.com/news/2013-06-21