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Thirty States Settle With Bayer Corporation

January 23, 2007

Thirty states1 reached a settlement with Bayer Corporation, resolving allegations that the company did not adequately disclose safety problems associated with its product, Baycol, a drug used to lower cholesterol that was withdrawn from the marketplace in 2001. According to the settling states, while Bayer informed the US Food and Drug Administration about the adverse effects of Baycol, the company allegedly failed to adequately warn consumers and their doctors. Under the settlement, Bayer is barred from making false and misleading claims about its products and will pay a total of $8 million to the settling states.

1States participating in the settlement are Arizona, Arkansas, California, Connecticut, Delaware, Florida, Idaho, Illinois, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Mississippi, Montana, Nevada, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, South Dakota, Tennessee, Texas, Vermont, Virginia, Washington, and Wisconsin.

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