Takeda and Lilly’s fine is reduced in Actos case
A US district court has reduced the damages to be paid by Japan’s largest drugmaker Takeda Pharmaceutical (TYO: 4502) and US drug major Eli Lilly (NYSE: LLY) by nearly 99%.
Earlier this year the drugmakers failed in their attempt to overturn a combined $9 billion punitive damage award by a US jury for hiding alleged cancer risks associated with their diabetes drug Actos (pioglitazone).
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