Takeda Will Pay Up To $2.4B To Resolve Actos Suits

By Sindhu Sundar (April 28, 2015, 7:08 PM EDT) -- Takeda Pharmaceutical Co. Ltd. has agreed to pay up to $2.4 billion to resolve the "vast majority" of product liability suits over its diabetes drug Actos, which plaintiffs have claimed can increase the risks of developing bladder cancer, the Japanese drugmaker confirmed Tuesday.

Caption: Takeda Pharmaceutical Co. Ltd. has agreed to put $2.37 billion into a settlement fund if 95 percent of the plaintiffs and claimants targeting it opt in to the settlement, resolving the "vast majority" of product liability suits over its diabetes drug Actos. (Credit: AP) Takeda has agreed to put $2.37 billion into a settlement fund if 95...

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