Daiichi Sankyo near to closing US product liability settlement program

6 June 2018

Japanese pharma major Daiichi Sankyo (TYO: 4568) today announced that more than 97% of eligible claimants have opted into the product liability litigation settlement program announced on March 30, 2018 for cases brought against various Daiichi Sankyo and Forest entities.

The company’s shares rose 2.05% to 3,837 yen by close of trading on the news.

These cases are related to its angiotensin II receptor blocker (ARB) olmesartan products (trade names Benicar, Benicar HCT, Azor and Tribenzor) and allegations that such products caused sprue-like enteropathy and other severe gastro-intestinal symptoms.

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