Seeking Alpha

Merck said to agree to $100M NuvaRing settlement

  • Merck (MRK +0.8%) reportedly agrees to pay $100M to settle more than 1,700 lawsuits alleging its NuvaRing contraceptive device causes potentially fatal blood clots.
  • The settlement, which resolves cases in federal and state courts in Missouri and New Jersey, would provide an average payout of more than $58K a case.
  • The settlement allows MRK to pay less than other competing contraceptive makers did to resolve lawsuits over their products; Bayer said last year it paid more than $1.6B to settle claims over its Yasmin and Yaz lines of birth control pills which allegedly caused blood clots that led to strokes and heart attacks.
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