Takeda, Eli Lilly to pay $9 billion in Punitive Damage

August 29, 2014 1:23 PM

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A Louisiana court has ruled that Takeda Pharmaceuticals and Eli Lilly & Co have lost a bid to overthrow a combined $9 billion punitive-damage award by a US jury.

The US district judge ruled that the panel of judges considered evidence properly when deciding to award a combined 9 billion dollar in punitive damages after knowing that Eli Lilly and Takeda Pharmaceutical hid the cancer risks of their Actos diabetes medicine.

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