Tag Archives: ActosSettlement

Has There Been an Actos Settlement?

Do you take Actos? Have you suffered from its side effects? If you take the diabetes medication, you may want to speak to your doctor about the drug’s links to bladder cancer. According to Bloomberg, due to injury allegations, Actos’ manufacturer, Takeda Pharmaceutical Co., has offered to settle thousands of lawsuits at a cost of $2.2 billion. The news outlet reported that it would be one of the largest settlements involving a prescription drug or medical device in U.S. history. Currently, there are more than 8,000 lawsuits pending in federal and state courts. Plaintiffs in the cases allege that Actos has caused them injuries and long-term illnesses including bladder cancer. Although the drug was in the marketplace for years, it was not until 2011 that Takeda updated its warning label to include information about possible cancer risks. Because of this, the US Food and Drug Administration (FDA) initiated a five-year…
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