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Bayer Collapses…Correction: Bayer Soars

Bayer is facing over 6,000 lawsuits involving Yaz/Yasmin. Yaz sales are plummeting. Bayer is in trouble. Lawsuits are all that matter to these drug companies and it’s time to stop pretending otherwise.
Oh wait. Not at all. The German pharmaceuticals giant shrugs off these minor nuisances. Sales rose 5.4 percent in the second quarter. Profits keep flowing.
Lawsuits seem like the whole universe to product liability lawyers and to the in-house lawyers. But they are really a just a drop in the bucket to big drug companies.