Takeda, Lilly Lose Bid to Overturn $9 Billion Actos Award
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Takeda Pharmaceutical Co. and Eli Lilly & Co. lost a bid to have a judge throw out a combined $9 billion punitive-damage award over claims the drugmakers hid the cancer risks of their Actos diabetes medicine.
Jurors properly considered evidence showing officials of Osaka, Japan-based Takeda and Indianapolis-based Lilly knew Actos was linked to bladder cancer and failed to properly warn patients and doctors before assessing the damages, U.S. District Judge Rebecca Doherty in Lafayette, Louisiana, ruled yesterday.