From Bloomberg:
Eli Lilly & Co. lost an appeal to limit potential damages in a lawsuit filed by Canadian patients who claimed they developed diabetes after using its Zyprexa schizophrenia drug.
An Ontario appeal court today affirmed a lower court's decision that plaintiffs in a class-action, or group, suit may try to recover money the Indianapolis-based company made from sales rather than get damages. The plaintiffs sought C$900 million in damages in their initial claim.
Lilly, the world's biggest maker of psychiatric medicines, is accused of failing to warn the Zyprexa schizophrenia treatment may cause diabetes. Opting to go after a company's sales is unprecedented in court, said Toronto class-action lawyer Paul Bates, who isn't involved in the Zyprexa suit. ...more
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