Endo to pay $830M to settle claims over vaginal mesh inserts

|About: Endo International plc (ENDP)|By:, SA News Editor

Endo Health Solutions (ENDP) has agreed to pay $830M to settle 20,000 claims - or a "substantial majority" - that its vaginal mesh inserts caused injuries.

Endo will book a pretax, noncash charge of $625M for Q1, taking the liability accrual for the lawsuits to $1.1B. Endo had previously provisioned $520M.

The deal adds to the $54.4M that Endo agreed to pay last year to resolve other cases. Peer device-makers have been facing similar claims as well, including J&J and Boston Scientific.

Endo is due to release its results this morning.