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August 2014

August 29, 2014

Takeda, Lilly lose bid to overturn $9 bln award for hiding cancer risk

Quoted from http://www.reuters.com/article/2014/08/29/takeda-pharma-actos-idUSL1N0QZ07I20140829

Takeda, Lilly lose bid to overturn $9 bln award for hiding cancer risk

Fri Aug 29, 2014 1:10am EDT

 

Aug 28 (Reuters) - Takeda Pharmaceutical Co Ltd and Eli Lilly & Co lost a bid to overturn a combined $9 billion punitive damage award by a U.S. jury for hiding cancer risks associated with their Actos diabetes drug, according to a court ruling.

"Plaintiffs have pointed to sufficient evidence from which the jury could have concluded that the 'information' about bladder cancer contained in Actos labels did not adequately warn of the increased risk of cancer," U.S. District Judge Rebecca Doherty of the Western District of Louisiana said on Wednesday.

The development is a setback for Takeda but leaves open the possibility of a retrial or reduced verdict, for which Japan's top drugmaker made a separate appeal in April.

[Article continues at original source]

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Posted at 08:46 AM in Actos | | Comments (0)

Tags: Actos, bladder cancer, drug injury, lawsuits, Takeda, verdicts

August 08, 2014

Pfizer confronts surge of lawsuits over Lipitor

Quoted from http://www.reuters.com/article/2014/08/08/us-pfizer-lipitor-lawsuits-insight-idUSKBN0G80E520140808

Pfizer confronts surge of lawsuits over Lipitor

By Jessica Dye

Fri Aug 8, 2014 1:22am EDT

(Reuters) - Pharmaceutical giant Pfizer is facing a mounting wave of lawsuits by women who allege that the company knew about possible serious side effects of its blockbuster anti-cholesterol drug Lipitor but never properly warned the public.

In the past five months, a Reuters review of federal court filings shows, lawsuits by U.S. women who say that taking Lipitor gave them type-2 diabetes have shot up from 56 to almost 1,000.

Lawsuits began to be filed not long after the Food and Drug Administration in 2012 warned that Lipitor and other statins had been linked to incidents of memory loss and a "small increased risk" of diabetes. According to plaintiffs' lawyers, women face a higher risk than men of developing diabetes from using Lipitor, and gain fewer benefits.

[Article continues at original source]

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Posted at 10:36 AM in Lipitor | | Comments (0)

Tags: diabetes, drug injury, lawsuits, Lipitor, Pfizer, side effects

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