An international transvaginal mesh maker increased its lawsuit budget by $448 million after being ordered by the U.S. government to prepare for litigation.
Transvaginal mesh lawsuits are on the rise as more women claim to have been injured by the medical implant. The number of lawsuits against mesh makers nears 80,000 as these women step into the arena to fight for their own justice.
Manufacturers of transvaginal mesh are bracing themselves for big payouts by increasing their settlement budgets. One Danish mesh maker has recently expanded the company’s litigation finances by $448 million to provide additional funding for the growing number of legal settlements in the U.S.
What’s The Trouble With Transvaginal Mesh?
Transvaginal mesh may come with complications, such as erosion and organ perforation.
Image: Escubes
Transvaginal mesh is a net-like device implanted into a woman’s body to treat conditions such as pelvic organ prolapse (POP) and stress urinary incontinence (SUI). However, mesh products may cause a slew of additional medical problems.
The implantation of transvaginal mesh can lead to infections and cause issues with organs and tissue. The device may cause pain, nerve damage, bleeding, pain during intercourse, scarring and much more.
The transvaginal mesh can deteriorate, migrate, or fuse to surrounding organs and tissue, which creates the need for a revision surgery. Because the mesh is meant to be a permanent solution, it often takes multiple surgeries to remove the device.
Danish Company Prepares for Serious Payouts
Coloplast, a Danish manufacturer of transvaginal mesh, has allocated millions to cover settlement costs in the U.S.
Image: Holscher Design
Coloplast is an international manufacturer of medical devices headquartered in Denmark. The company supplies products for ostomy care, wound and skin care, incontinence and urology in addition to transvaginal mesh.
Coloplast markets its products to hospitals, retailers and patients worldwide. With such an extensive reach, it seems that the company is bracing itself for a long haul of litigation. In fact, there are 2,000 lawsuits against Coloplast in a multidistrict litigation in the Southern District of West Virginia alone.
In 2014, Coloplast settled 400 lawsuits with a $16 million distribution. However, the United States government has made it clear that Coloplast won’t be getting off that easy.
“We have been ordered by the judicial system in the U.S. to take preliminary steps towards actual litigation on 200 specific cases,” CEO Lars Rasmussen said in a press release. “This means that our costs in relation to the litigation will increase. As a consequence, we have found it necessary to increase our provision.”
If your vaginal mesh failed and required additional surgery, then you might be entitled to compensation for receiving a faulty medical device.
Complete a free, no obligation case evaluation now to see if you qualify.
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