Takeda Advances as Diabetes-Drug Verdict Thrown Out in U.S.
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Takeda Pharmaceutical Co. persuaded a judge to throw out a $6.5 million jury verdict over its Actos diabetes drug because lawyers for a California man didn’t produce sufficient evidence to show his cancer was caused by the medication. The company’s shares rose.
Asia’s largest drugmaker gained the most in a week in Tokyo trading. Judge Kenneth Freeman in state court in Los Angeles ruled yesterday Jack Cooper’s attorneys weren’t able to properly link the former telephone-company worker’s bladder cancer to his Actos use and jurors shouldn’t have had a chance to return their verdict against Osaka, Japan-based Takeda.