Friday, April 11, 2014

Tort Liability for Diabetes Drug Actos

This week a federal jury decided that drug companies Takeda Pharmaceutical and Eli Lilly should pay $9 billion dollars in punitive damages for hiding the significant risk of cancer to patients taking Actos.  Actos is sometimes prescribed to help control diabetes and the jury found that Takeda knew the drug had serious side effects including heart failure and bladder cancer. The drug has been a huge income producer for Takeda with sales of $397 billion. 

For more information check out this story in the Wall Street Journal.  Actos Tort Liability

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