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Blog Posts in April, 2012

  • RISPERDAL SETTLEMENT CLIMBS TO $1.8 BILLION

    Pharmaceutical giant Johnson & Johnson may have to pay upwards of $1.8 billion to settle a serious lawsuit with the Justice Department and several states arising out of the marketing of the antipsychotic Risperdal. Authorities say the company marketed Risperdal for unapproved uses and downplayed potential side effects associated with the medication. The Justice Department and several states ...
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  • ACTOS LAWSUIT ACCUSES TAKEDA OF COVERING UP ADVERSE DRUG EFFECTS

    A recently unsealed whistleblower complaint alleges that the U.S. arm of Japanese drugmaker Takeda Pharmaceutical Co. hid the adverse effects of its blockbuster diabetes drug Actos. The lawsuit alleges that Takeda Pharmaceuticals North America Inc. intentionally hid the fact that congestive heart failure was a major side effect of Actos to make Actos seem safer than it is. Actos is a bestselling ...
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  • REPORT: DANGEROUS SURGICAL MESH WAS NOT TESTED

    A recent investigation by Consumer Reports indicates that transvaginal mesh was not tested before it was released to the market. Transvaginal mesh is just one of many defective medical devices that the Food and Drug Administration (FDA) allowed onto the market without adequate testing to determine whether they are safe. Manufacturers were able to bypass testing requirements because of a regulatory ...
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  • ACTOS MAKER REACHES $800M DEAL TO BUY URL PHARMA

    Drugmaker Takeda Pharmaceutical Co. Ltd. recently reached a deal to buy Philadelphia-based URL Pharma Inc., a maker of gout treatment medication, for $800 million. The deal is expected to close within the next two months. Takeda is the Japanese drugmaker behind the dangerous diabetes medication Actos, which loses its patent protection later this year. A Takeda spokeswoman said that the drugmaker ...
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