Updated on 11 April 2014
This is the largest fine ever imposed on a pharmaceutical company for hiding cancer risks associated with a bestselling diabetes drug
Singapore: Japanese pharmaceutical major Takeda has been ordered by a US Federal court to pay $6 billion in punitive damages over concealment of cancer risks.
This is the largest fine ever imposed on a pharmaceutical company for hiding cancer risks associated with a bestselling diabetes drug.
Both Takeda and its US partner, Eli Lilly were fined $3 billion. Lilly had marketed and sold the Actos diabetes drug in the US between 1999 and 2006. Takeda and Lilly have both said that they would contest the ruling through ‘all available legal means.'
The federal jury in Louisiana meanwhile awarded $1.5 million in compensatory damages to former Actos user Terrence Allen, who blamed the diabetes II drug for his bladder cancer.
In 2011, the US drug regulatory body, Food and Drug Administration warned that using Actos for more than a year could increase the risk of bladder cancer by 40 percent. Further, the cancer risk had to be added to the drug's warning label.