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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.

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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