Pradaxa Lawsuits Settles For $650 Million

Boehringer Ingelheim Settles US Pradaxa Litigation For $650 Million

Boehringer Ingelheim will pay $650 million in a “comprehensive settlement” of lawsuits over Pradaxa drug. The company said that it expects the settlement will resolve about 4,000 current cases against the company in the US.

Pradaxa has been bedeviled by reports of excessive bleeding complications.

Following the approval of Pradaxa by the FDA in 2010, two other anticoagulants have been approved, Johnson & Johnson’s Xarelto (rivaroxaban) and Pfizer and BristolMyers Squibb’s Eliquis (apixaban). Although these drugs can also cause bleeding complications, they have not so far engendered the same degree of criticism and concern.

In its statement the company denied wrongdoing and said that it had settled the lawsuit to avoid lengthy litigation:

“We continue to stand resolutely behind Pradaxa® and believed from the outset that the plaintiffs’ claims lacked any merit. Notwithstanding our strong belief that we would prevail in these lawsuits, this settlement allows our company to avoid the distraction and uncertainty of protracted litigation over years and years,” said Andreas Neumann, Head of the Legal Department and General Counsel, Boehringer Ingelheim worldwide.. “The US litigation system is described by some as a business where lawyers run advertising campaigns to find clients. Furthermore we have to consider that juries composed of lay people have to decide about very difficult scientific matters. All this does not allow reliable predictions for the outcome of a huge number of individual trials and that is why we came to the tough decision to settle.”