Tuesday, September 30, 2014   

Japan’s Takeda to appeal US$6b diabetes drug verdict
(04-08 15:53)

A US jury ordered Japan’s Takeda Pharmaceuticals to pay US$6 billion in punitive damages over a diabetes drug, but the country’s biggest drug-maker is challenging the move.
The District Court, Western District Louisiana, on Tuesday also ordered a US$3 billion penalty for co-defendant Eli Lilly, as well as US$1.5 million in compensatory damages.
The legal fight was over Actos, a drug used to treat diabetes, as causing a patient's bladder cancer.
Takeda Senior Vice President Kenneth Greisman said in a statement that Takeda disagrees with the verdict and plans post-trial motions and an appeal.
He said he empathized with the plaintiff but the drug did not cause his cancer.
The drug comes with warnings about serious side effects, including liver problems, broken bones and higher risk of bladder cancer. –AP

   
Other Business breaking news:
China eases home purchase restriction (09-30 18:12)
Eurozone inflation drops, unemployment steady (09-30 17:54)
Apple to launch iPhone 6 in China from October 17 (09-30 17:38)
German unemployment rate steady in September: official data (09-30 16:44)
Hang Seng plunges ahead of holidays (09-30 16:36)
French public debt over 2.0 trillion euros for first time: data (09-30 14:59)
German retail sales climb in August (09-30 14:25)
China September PMI misses estimate: HSBC (09-30 14:05)
China clears way for Apple iPhone 6 sales: regulator (09-30 13:50)
Hang Seng falls by lunch (09-30 12:27)

More breaking news >>

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