$9B Verdict Hammers Takeda, Eli Lilly In Actos Bellwether

By Kat Greene (April 8, 2014, 12:34 AM EDT) -- A Louisiana federal jury on Monday ordered Takeda Pharmaceutical Co. Ltd. and Eli Lilly & Co. to pay more than $9 billion in damages to a couple, in a bellwether trial over allegations the companies hid the cancer risks of diabetes drug Actos to keep sales high.

Terrence and Susan Allen won the judgment late Monday, in the first federal jury decision in multidistrict litigation against Asia's largest drug company and its American partner. The jury hit Takeda with $6 billion in punitive damages and Eli Lilly with $3 billion. The companies, which jointly marketed the drug, also will split payment...

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