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Bayer’s earnings drop due to contraceptive lawsuits

Posted on August 2nd, 2012 No Comments

Chemical and drug company Bayer AG published its its second-quarter earnings earlier this week and revealed that its profits had dropped nearly 34 percent compared to this time last year.

According to the Associated Press, Bayer’s earnings were hit due to one-time charges, such as setting aside money to settle lawsuits concerning dangerous side effects of birth control pills. From April-June this year, Bayer earned $606 million. Last year, it earned more than $907 million.

Bayer would have made $936 million in the second quarter had they not saved more than $602 million for Yaz and Yasmin settlements. Despite a slump in profits, the drug company’s revenue increased by $109 million from last year.

If you would like to learn more about the side effects of Yaz, contact the Yaz lawsuit attorneys of Williams Hart by calling 800-761-3187.

Research shows that Bayer may have marketed birth control for unapproved purposes

Posted on November 22nd, 2011 No Comments

Emails have recently shown that some units of Bayer Pharmaceuticals may have marketed the birth control for uses that were not approved by the FDA and also failed to warn women of possible side effects associated with the use of the pill.

According to emails between company members, Bayer officials may have marketed Yaz and Yasmin in order to treat any kind of premenstrual syndrome when in reality, it is only approved by U.S. regulators to treat severe forms.

Bayer currently faces 10,000 lawsuits that state that the drug caused women to experience negative health side effects such as blood clots, strokes, and heart attacks.

If you or a loved one used Yasmin or Yaz and suffered similar side effects, you need experienced representation on your side that may be able to help you receive the financial compensation that you deserve. Contact the Yaz lawsuit lawyers of Williams Hart by calling 800-761-3187 today.

Bayer Pharmacueticals announces FDA approved oral contraceptive

Posted on December 21st, 2010 No Comments

Bayer Healthcare Pharmaceuticals Inc., announced today that the U.S. Food and Drug Administration has approved a new oral contraceptive, SAFYRAL.

SAFYRAL raises the folate levels in women which decreases the occurrence of neural tube defects for women who become pregnant while taking the birth control. This is the second oral contraceptive that has this folate, Beyaz was also approved earlier this year.

It has been said that a daily dose of a folate supplement can be very beneficial to women in the child bearing years. Bayer Pharmacueticals is the same manufacturer of Yasmin and Yaz that has been in the news lately after women came forward claiming that the drug gave them serious health side effects, such as blood clots.

If you or a loved one has developed a serious health issue after taking Yasmin or Yaz, contact the Yaz birth control lawsuit lawyers of Williams Hart today by calling 800-761-3187.

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