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Baycol: A Sudden Rush to Settle

By Julie Kay
October 07, 2003

In the last several weeks, Pittsburgh-based Bayer Corp. has been rapidly settling federal lawsuits and claims involving Baycol, the anti-cholesterol drug it pulled off the market in August 2001 after it was linked to 100 deaths worldwide, two Miami law firms say.

About 8000 patients who took Baycol or the families of those who died have filed product liability lawsuits against Bayer and GlaxoSmithKline, which participated in marketing the drug. More than half the suits have been consolidated in multi-
district litigation in U.S. District Court in Minneapolis. Worldwide, 100 deaths and 1600 injuries have been linked to the drug. The drug was prescribed for more than 6 million patients.

The law firm of John H. Ruiz in Miami has 200 Baycol cases, while Miami-based Panter & Panter has 20. Each firm has one wrongful death claim. Both law firms say Bayer, whose international headquarters is in Germany, has made a rush of settlement offers in the last month or two. During that period, Ruiz has obtained settlements in nine cases, for an average amount of $300,000. Panter & Panter has obtained two settlements, for $850,000 and $375,000.

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