The Miller Firm Personal Injury Lawyers VA, DC , MD, FL

The Miller Firm. LLC, Commented on Takeda, Lilly Jury Awards $9B Over Cancer Risks of Diabetes Drug
 

Takeda Pharmaceutical Co. (4502) and Eli Lilly & Co. (LLY) were ordered to pay a combined $9 billion in punitive damages after a federal court jury found they hid the cancer risks of their Actos diabetes medicine in the first U.S. trial of its kind.

Takeda, based in Osaka, Japan, was ordered to pay $6 billion by the jury yesterday in Lafayette, Louisiana.

I hope Takeda executives in Japan heard what this jury had to say loudly and clearly, Mark Lanier, a lawyer for former Actos user Terrence Allen, said after the verdict. The jury earlier awarded $1.5 million in compensatory damages to Allen, who blamed the drug for his cancer.

The $9 billion jury award, the seventh-largest in U.S. history based on data compiled by Bloomberg, is almost certain to be reduced because the U.S. Supreme Court has said punitive verdicts ... Read more..