Tag Archives: ActosSettlement

Takeda Agrees to $2.4 Billion Actos Settlement

Updating a blog post we brought you last month, Takeda Pharmaceuticals has agreed to a $2.4 billion settlement over the diabetes drug Actos and its cancer risks. According to the New York Times, the drug manufacturer has agreed to pay thousands of patients and family members who filed lawsuits over the drug, claiming that it led to bladder cancer. At the end of April, Takeda announced the settlement, which it says will resolve most of the injury cases. Additionally, Takeda announced that it would take a “$2.7 billion charge against earnings to cover the settlement and costs for defending the remaining cases,” according to the Times. There are more than 9,000 lawsuits currently pending over bladder cancer claims. The settlement will need to be approved by various courts handling the claims and will only become effective if “95 percent of the plaintiffs agree to it,” the newspaper reported. It will…
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