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April 28, 2013
13:54 EDTTKPYYTakeda responds to verdict in diabetes drug case
Takeda Pharmaceuticals announced that in the case of Jack Cooper et al. v. Takeda Pharmaceuticals America the jury found in favor of the plaintiffs and awarded a total of $6.5M in damages. Takeda has filed motions asking the judge to rule in favor of the company as a matter of law and is considering its options, including a possible appeal if the motions are denied. The trial began on February 19 in Los Angeles before Judge Kenneth R. Freeman. "Takeda respectfully disagrees with the jury's verdict," said Kenneth D. Greisman, senior vice president, general counsel and secretary, Takeda Pharmaceuticals U.S.A., "Takeda empathizes with patients like Mr. Cooper, but we believe the evidence did not support a finding that ACTOS caused his bladder cancer. We also believe we demonstrated that Takeda acted responsibly with regard to ACTOS. We promptly disclosed ACTOS safety data to the U.S. Food & Drug Administration and other regulatory authorities and provided updated product information to health care professionals and patients." The company is confident in the therapeutic benefits of ACTOS (pioglitazone HCl) and its importance as a treatment for type 2 diabetes.
News For TKPYY From The Last 14 Days
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October 16, 2014
15:10 EDTTKPYYAmerican College of Gastroenterology to hold annual meeting
ACG Annual Scientific Meeting 2014 to be held in Philadlephia, PA on October 17-22.
October 15, 2014
08:35 EDTTKPYYOrexigen earned $60M milestone payment from Takeda Pharmaceutical
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