A federal jury has ordered Takeda Pharmaceutical Co. and Eli Lilly & Co. to pay a combined $9 billion in punitive damages after finding that the companies hid the risks of cancer in their diabetes drug trial held in the United States. This makes the jury award the seventh-largest in U.S. history. The Osaka-Japan based company may be forced to pay the final judgment in the case, even covering the $3 billion ordered paid by its partner company Eli Lilly in Indianapolis. The company lost 5.2 percent of its shares, the biggest drop since last year.
This giant award is a signal to other companies that juries and courts are willing to hold them accountable for egregious deceit of consumers. Our defective drug attorneys are dedicated to protecting the rights of victims who have suffered because of dangerous and defective products, or failure to warn. We take an informed and strategic approach to understand the facts of every case and will aggressively pursue relevant legal claims against liable companies. In addition to advocating for our clients, we are abreast of products liability legal developments, locally and nationally.
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