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Takeda warns of loss after $2.4 bn diabetes drug settlements

2015-04-29 09:19:20| Biotech - Topix.net

Top Japanese drugmaker Takeda Pharmaceutical on Wednesday warned of its first annual loss in more than six decades after agreeing to pay around $2.4 billion to settle lawsuits over its Actos diabetes drug, amid cancer claims. The company said costs regarding the US lawsuits would send it into the red for the first time since it was listed on stock exchanges in 1949.

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Category:Biotechnology and Pharmaceuticals

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