Lawyers and Settlements
Advertisement
Home Page >> News Articles >> Takeda Promotes “Fairness and Honesty” W..

Takeda Promotes “Fairness and Honesty” While Lawsuits Climb

. By
Washington, DCThe risk for Actos bladder cancer as translated through the Takeda Pharmaceuticals Q3 forecast reads like a matter-of-fact risk assessment as a cost of doing business, rather than a reflection of any real concern over the potential for Actos and bladder cancer in association with the type 2 diabetes drug.

While the number of Actos side effects lawsuits continues to climb and number in the thousands, the company noted a concern over the loss of Actos exclusivity, now that generics have found their way into the market.

Takeda spent some time talking about the outcomes of recent lawsuits against the backdrop of a business context, although the company did note that out of five Actos bellwether trials, Takeda has won four of them. The May 2014 case Whitlatch v. Takeda, representing the death of William Whitlatch from bladder cancer alleged to have been caused by pioglitazone (Actos), went to Takeda - as did three others.

The Actos side effects case that did not go to Takeda resulted in a jury award of $1.476 million to the plaintiff, together with $6 billion in punitive damages assessed to Takeda, and $3 billion to Eli Lilly, Takeda’s former marketing partner.

Takeda, in its Q3 forecast, noted to shareholders that it is “challenging the outcome of this case.”

Later in the Q3 report, filed with the US Securities & Exchange Commission (SEC), Takeda referenced the punitive damages assessed to itself and Eli Lilly following a successful jury outcome for plaintiff Terrence Allen, “who alleged that Takeda was aware of the link between the medicine and bladder cancer, and had withheld this information from consumers and the healthcare industry,” Takeda noted.

While the jury sided with the plaintiff and awarded punitive damages based on the allegation(s) by the plaintiff, Takeda is appealing - thus, the allegations of withholding information from consumers and doctors remain allegations until the appeals process has been exhausted. However, judges have previously censured Takeda for failing to ensure that important documents integral to court actions were preserved.

It should be noted that in its forecast for Q3 and beyond, Takeda lists as a goal a further commitment to the continuation of practicing “the 230-year tradition of ‘Takeda-ism,’ which promotes fairness, honesty and perseverance.”

Meanwhile, Eli Lilly in its Form 10-Q report filed with the SEC at the end of April noted that Lily is named with Takeda as a defendant in four Actos bladder cancer class-action lawsuits in Canada: two in Ontario (Casseres et al. v. Takeda Pharmaceutical North America, Inc., et al. and Carrier et al. v. Eli Lilly et al.), one in Quebec (Whyte et al. v. Eli Lilly et al.), and one in Alberta (Epp v. Takeda Canada et al.).

“We believe these lawsuits are without merit, and we and Takeda are prepared to defend against them vigorously,” the company said of the Actos and bladder cancer lawsuits.

Actos Side Effects Legal Help

If you or a loved one have suffered losses in this case, please click the link below and your complaint will be sent to a drugs & medical lawyer who may evaluate your Actos Side Effects claim at no cost or obligation.
Click here for a free evaluation

ADD YOUR COMMENT ON THIS STORY

Fields marked * are mandatory. Please read our comment guidelines before posting.

*Name:

Note: Your name will be published with your comment.

*Email Address:

Your email will only be used if a response is needed.

*Your Comment:

Are you the defendant or a subject matter expert on this topic with an opposing viewpoint? We'd love to hear your comments here as well, or if you'd like to contact us for an interview please submit your details here.


Click to learn more about LawyersandSettlements.com

Request Actos Side Effects Legal Help

First name:

Last name:

Email address:

Phone number(s):

Zip/Postal Code:

Defendant:
Describe your complaint:

By submitting this form I agree to the Terms of Service.
There is no cost to submit this form.
I would like to be interviewed by a journalist.
Receive our weekly newsletter with the latest lawsuit news and legal information.

Check Claim Status Advertise with us Legal Funding


Legal Services:

Advertisement
 
FAQ | TOS | Privacy | Disclaimer | About Us | Contact Us | Press | Advertise | Member Login | Site Map | View Mobile Website

American Bar Association - Proud Member   Better Business Bureau   CAALA   Best of the Web Approved   Public Justice


This work is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License © 2001-2017 Online Legal Media. All rights reserved.


Visit other Online Legal Media Websites:

BigClassAction.comCALaborLawNews.com
OnlineLegalMarketing.comHealthEffectsOfAsbestos.com