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Endo Will Pay $775M to End All Known AMS Vaginal Mesh Product Liability Claims
This is a settlement for the AMS Transvaginal Mesh lawsuit.
Santa Clara, CA: Endo International PLC has announced that it will settle “virtually all known” AMS transvaginal mesh product liability lawsuits. This includes lawsuits in the US and internationally.
In a statement issued by the Irish-based maker of transvaginal surgical mesh, Endo stated it will end the known US claims at "reasonable values" and will make installment payments starting in the fourth quarter of 2017 and continue making payments until the end of 2019. It will set aside $775 million to cover roughly US 22,000 mesh implant claims as well as all known international mesh product liability claims and other related matters.
The company stated that it at this time it isn’t aware of any claims that won’t be covered by the $775 million.
In April 2014, Endo said that it had reached settlements with several of the remaining plaintiffs suing American Medical Systems (AMS) Inc. over allegedly harmful vaginal mesh products, resolving “substantially all” of the claims in the case without admitting any liability or fault.
Then, in March 2016, Endo said it was winding down its Astora Women’s Health unit, formerly AMS Women's Health, to reduce the potential for product liability claims related to future mesh implants. At that time it was facing numerous lawsuits alleging health complications caused by a number of vaginal mesh devices. AMS, based in Minnesota, was a major manufacturer of transvaginal mesh medical devices, which are support systems designed to correct pelvic organ prolapse, (POP) and stress urinary incontinence (SUI).
Published on Aug-8-17
In a statement issued by the Irish-based maker of transvaginal surgical mesh, Endo stated it will end the known US claims at "reasonable values" and will make installment payments starting in the fourth quarter of 2017 and continue making payments until the end of 2019. It will set aside $775 million to cover roughly US 22,000 mesh implant claims as well as all known international mesh product liability claims and other related matters.
The company stated that it at this time it isn’t aware of any claims that won’t be covered by the $775 million.
In April 2014, Endo said that it had reached settlements with several of the remaining plaintiffs suing American Medical Systems (AMS) Inc. over allegedly harmful vaginal mesh products, resolving “substantially all” of the claims in the case without admitting any liability or fault.
Then, in March 2016, Endo said it was winding down its Astora Women’s Health unit, formerly AMS Women's Health, to reduce the potential for product liability claims related to future mesh implants. At that time it was facing numerous lawsuits alleging health complications caused by a number of vaginal mesh devices. AMS, based in Minnesota, was a major manufacturer of transvaginal mesh medical devices, which are support systems designed to correct pelvic organ prolapse, (POP) and stress urinary incontinence (SUI).
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