March 25, 2019 / 2:33 PM / in 24 days

Bayer, J&J settle U.S. Xarelto litigation for $775 mln

March 25 (Reuters) - Bayer AG and Johnson & Johnson have agreed to settle more than 25,000 U.S. lawsuits over their blockbuster blood thinner Xarelto for a total of $775 million, court documents on Monday showed.

The amount will be shared equally between the two companies that jointly developed the drug. Bayer and J&J do not admit liability under the agreement. (Reporting by Tina Bellon in New York Editing by Bill Berkrot)

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