Actavis Reaches Tentative Deal To Exit Testosterone MDL

Law360 (June 29, 2018, 6:12 PM EDT) -- Actavis Inc. is on its way to settling claims it failed to warn men about risks associated with its drug Androderm as part of multidistrict litigation over testosterone replacement therapy products, according to an order filed Friday.

In the order staying cases in the MDL against Actavis and several related entities, U.S. District Judge Matthew Kennelly said attorneys for both sides told him they have reached a memorandum of understanding on a potential global settlement.

Actavis is only the latest pharmaceutical company to head for the exit in the MDL in recent months. Auxilium Pharmaceuticals LLC, Eli Lilly & Co., Endo...

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