Bayer and J&J settle US lawsuits over blood thinner

Bayer and Johnson & Johnson have agreed to settle more than 25,000 US lawsuits alleging that their blockbuster blood thinner Xarelto caused unstoppable and in some cases fatal bleeding, court documents showed.

The total amount of $775m (€685m) due in the settlement will be shared equally by the two companies, which jointly developed the drug. Bayer and J&J do not admit liability under the agreement.