Important note: Information in this article was accurate in 1997. The state of the art may have changed since the publication date.
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The Wall Street Journal - Wednesday, 7 May 1997.
Bayer spokeswoman Christina Sehnert confirmed Bayer was close to agreement on the AIDS cases, in which three other companies also are involved.
Bayer, Baxter International Inc., Rhone-Poulenc Rorer Inc. and Alpha Terapeutics Inc. already had reached agreement in April 1996 to settle with some 6,200 U.S. AIDS victims or their survivors for $100,000 each. But the settlements were held up as the U.S. government and several states, including New Jersey, sought reimbursement for medical bills incurred treating hemophiliacs with AIDS.
Ms. Sehnert said that agreements were near on legal costs as well as with the states and federal government on medical costs.
Last year's agreement alone will cost the four companies some $600 million, with Bayer's share close to $270 million. The companies also offered $12 million for medical care of the patients.
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