Monday, June 20, 2011

Cancer Not Biggest Problem for Takeda's Actos

More evidence suggests a disproportionately greater risk of bladder cancer from Takeda PharmaceuticalsActos than with other oral diabetic medications.

Litigation from affected diabetics is to be expected, although a direct link between Actos use and bladder cancer hasn’t been definitively established. Consequently, the company has little to fear monetarily. Management does, however, need to worry about another ticking clock: Aug. 17, 2012, is when Watson Pharmaceuticals (WPI), Mylan (MYL) and Ranbaxy Labs (RBXLF) will launch the first wave of generic competitors to branded Actos in the U.S.

Read More: CBS Interactive ....

Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.