Endo International announces it will stop manufacturing all vaginal mesh products due to the billions in lawsuits it is facing related to its vaginal mesh implants. Endo announced that it will close its Astora Women’s Health device unit.
Endo paid $150 million in legal settlements related to its vaginal mesh in Q4. And more payments are on the way. The company recorded a $834 million pretax charge to increase the estimated product liability accrual. It had already set aside $1.4 billion to cover the legal costs at the end of the previous quarter according to the Philadelphia Business Journal.
Taylor Martino is a law firm that serves victims suffering from medical device defects in Alabama and Mississippi. If you believe that you, or a loved one, have been injured by a negligent medical device, please contact us today for a free and confidential consultation and case evaluation.