AbbVie Strikes Tentative Deal In Testosterone MDL

By Lauraann Wood (September 10, 2018, 10:29 PM EDT) -- AbbVie Inc., the last remaining company to face claims that it failed to warn patients about the hidden dangers of testosterone replacement therapy products, has reached a tentative deal to exit the multidistrict litigation, according to a Monday filing in Illinois federal court.

U.S. District Judge Matthew Kennelly entered an order staying all pending cases against AbbVie as well as its subsidiaries Abbott Laboratories, Solvay Pharmaceuticals Inc. and Unimed Pharmaceuticals LLC in light of the companies agreeing to confidential terms in a global settlement of hundreds of plaintiffs' claims regarding their allegedly dangerous products.

Judge Kennelly's order also told the companies...

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