Endo shares bolstered by testosterone settlement
Shares in Ireland-incorporated Endo International (Nasdaq: ENDP) opened up on Tuesday morning following the news that all known testosterone replacement therapy product liability claims against the company had been settled.
Provided certain customary conditions are met, Endo will make a one-time deposit into a qualified settlement fund and participating claimants will release their claims, though the agreement does not involve any admission of wrongdoing or liability by Endo.
The firm and its subsidiaries were accused of failing to properly disclose the health risks associated with taking testosterone replacement therapy, with claims that the treatment had led to other health problems.
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