Johnson & Johnson has become the latest company to settle a lawsuit to get out of the first federal trial over the nation’s opioid crisis.for the year, buoyed by the strong recovery of its pharmaceutical, medical device and consumer suits, and added sales from its COVID-19 vaccine. The New Brunswick, N.J., company’s shares rose 0.6%.
Washington state Atty. Gen. Bob Ferguson rejected the offer, saying what the four companies offered is too paltry to adequately address the harm they’ve caused. For the 320 local governments in Washington, the state’s share would total more than $527 million, but that would be just $30 million a year for 18 years.
U.S. District Judge Dan Polster, who is overseeing much of the opioid litigation, has pointed to the offers by J&J and the distributors as an example for other companies ensnared in suits over the painkillers.
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Johnson & Johnson, 3 drug distributors to settle opioid lawsuits for $26 billionMore than 500,000 deaths in the U.S. have been connected to opioid prescription drugs and illegal opioids since 2000. Those criticizing the drug manufacturers for not giving them free vaccines and more free 'things' should take note. Invest heavily on R & D and give away all the profits and even more in ridiculous compensations. Still some miserable humans will never cease to hate businesses
Source: Newsweek - 🏆 468. / 52 Read more »
Drug distributors, Johnson & Johnson reach landmark $26 billion opioid settlementUnder the settlement, McKesson, Cardinal Health and AmerisourceBergen are expected to pay a combined $21 billion, while Johnson & Johnson would pay $5 billion. Difference between Big Pharma and Walter White? - Walter White had better character. If corporations were really people, they'd go to prison for their crimes.
Source: CNBC - 🏆 12. / 72 Read more »
States Announce $26 Billion Settlement to Resolve Opioid LawsuitsBreaking: States unveiled a $26 billion settlement with America's three largest drug distributors to resolve thousands of lawsuits blaming them for the opioid crisis What is China going to pay? The Miracles that The LORD is displaying to this Generation are meant to achieve Righteousness in the church. InvitationToRapture Opioid Epidemic May Have Cost States at Least $130 Billion in Treatment and Related Expenses – and That’s Just the Tip of the Iceberg
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J&J And Other Drug Companies Strike $26 Billion Opioid Settlement With StatesThe deal will resolve thousands of opioid crisis-related lawsuits. karlegbe
Source: Forbes - 🏆 394. / 53 Read more »
J&J And Other Drug Companies Strike $26 Billion Opioid Settlement With StatesThe deal will resolve thousands of opioid crisis-related lawsuits. karlegbe
Source: Forbes - 🏆 394. / 53 Read more »
Drug distributors, Johnson & Johnson reach landmark $26 billion opioid settlementUnder the settlement, McKesson, Cardinal Health and AmerisourceBergen are expected to pay a combined $21 billion, while Johnson & Johnson would pay $5 billion. Difference between Big Pharma and Walter White? - Walter White had better character. If corporations were really people, they'd go to prison for their crimes.
Source: CNBC - 🏆 12. / 72 Read more »