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Michael Gopin: Bayer Settles Claims Regarding Yaz

Mar 27 2013 12:00AM

Marketwire

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EL PASO, TX -- (Marketwire) -- 03/27/13 -- Michael Gopin, founder of the Law Offices of Michael J. Gopin, has recently responded to an update regarding Yaz, Yasmin and Ocella lawsuits with a press statement. In reaction to this update, published in an article by DrugWatch.com, Gopin encourages individuals who have suffered blood clots due to these medications to contact a legal representative to assist in determining if they have a case and, if so, to file it.

The article asserts that legal actions taken against Bayer regarding these oral contraceptives have had a tremendous impact on the company, causing the earnings of the pharmaceutical division to fall by 43.3 percent in 2012 due to the need to reserve over $1.5 billion for legal claims. To date, Bayer has paid an estimated $1 billion in fees associated with settlements regarding approximately 4,800 individual claims. These cases are undergoing review by the company one at a time and it asserts that 3,200 unsettled claims that are related to Yaz and blood clot injuries remain to be concluded.

The legal troubles that Bayer is facing stem from 2009, when the company was first said to fail to warn consumers regarding the blood clots and other side effects related to the use of its products. After reviewing multiple studies, the FDA required the safety labels of the contraceptives Yaz, Yasmin and Ocella to be revised.

Michael Gopin explains the danger of taking pharmaceuticals and the responsibility that manufacturers hold with regard to telling consumers about potential side effects: "Medications nearly always come with literature regarding potential complications, and it is true that individuals do not always read this information or consider it carefully before taking a new prescription. It is certainly the responsibility of the consumers to read the information provided and educate themselves about the risks involved with any new medication; however, it is the responsibility of drug manufacturers to provide accurate, thorough information in the first place.

"How can consumers determine if the risks are worth the benefits if they are not given the information they need to do so? This is why it is so important that all pharmaceutical companies are held responsible for providing accurate information regarding the potential side effects and complications of their products."

ABOUT:

Founder of the Law Offices of Michael J. Gopin, Michael Gopin is an attorney who provides support and representation to clients throughout El Paso, Texas, and surrounding areas. The legal team that Michael Gopin has developed offers an accumulated 20 years of experience in the field and focuses on cases in the area of personal injury law. As such, the team takes on clients who are involved in legal situations regarding dangerous drugs, workplace injuries, medical malpractice, motorcycle accidents and more. Michael Gopin encourages anyone who is involved in a legal challenge to call upon the support and representation of a qualified and dependable legal professional.



Source: Marketwire


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