The opioid crisis in the United States has cost the economy at least $631 billion in just four years, according to a report released earlier this week by the Society of Actuaries, who analyzed non-medical opioid use during this time frame. Most of the costs were attributable to healthcare and premature mortality. Nearly one-third of […]
McKesson Corp., AmerisourceBergen Corp., and Cardinal Health to Pay $18B to Settle Opioid Lawsuits…
Top drug distributors are in discussions to pay $18billion to settle opioid lawsuits, according to reports. McKesson Corp., AmerisourceBergen Corp. and Cardinal Health Inc. would pay the money back over 18 years under the proposed deal, sources told The Wall Street Journal. The litigation was brought by state and local governments who blamed the companies […]
J&J Must Pay $8B in Case Over Male Breast Growth Linked to Risperdal…
Johnson & Johnson must pay $8 billion in punitive damages to a man who previously won $680,000 over his claims that it failed to warn that young men using its antipsychotic drug Risperdal could grow breasts, a Philadelphia jury said on Tuesday. The Philadelphia Court of Common Pleas jury’s verdict in favor of Nicholas Murray […]
Judge Hands Oklahoma $572M Verdict in Bellwether Opioid Trial…
In the first opioid crisis lawsuit against drugmakers to reach verdict, a judge awarded Oklahoma $572 million Monday after finding the state successfully proved Johnson & Johnson created a public nuisance by aggressively pushing the drugs to doctors. Cleveland County Judge Thad Balkman said Oklahoma met its burden proving “the defendant’s misleading marketing and promotion […]
China Bans All Types of Fentanyl …
China has banned all forms of the opioid fentanyl, following a promise President Xi Jinping made to President Donald Trump last year, The New York Times reports. Much of the world’s fentanyl is believed to be made in China, and the drug increasingly became a point of contention between the U.S. and China as fentanyl-related […]
New York AG Sues Purdue Pharma, J&J, McKesson in New Legal Battle Against Opioid Manufacturers and Distributors…
DEA-Led Crackdown on Prescription Opioid Diversion Targets Medical Professionals with Criminal Charges, License Revocations…
Couple Suing Johnson & Johnson Over Talcum Powder Wins $37M Judgment…
An investment banker from New Jersey and his wife walked out $37 million richer from a court in New Brunswick Thursday, after a jury ordered Johnson & Johnson and a talc mining company to pay for causing him to develop a deadly cancer linked to asbestos. The verdict is the first time a jury has […]
Jury Hits Johnson & Johnson with $417M Verdict Over Cancer Link to its Talc…
A Los Angeles jury issued a $417-million verdict Monday against Johnson & Johnson, finding the company liable for failing to warn a 63-year-old woman diagnosed with terminal ovarian cancer about the risks of using its talcum products. The verdict marks the largest award yet in a number of suits claiming that the company’s talc powder […]
4th Win: U.S. Pharma Johnson & Johnson Loses $110M Talc Cancer Case…
A court in St. Louis, Missouri has ordered the US pharmaceutical company Johnson & Johnson (J&J) to pay over $110 million to a Virginia woman, who claims she developed ovarian cancer after decades of using its talcum powder. The verdict is the largest for J&J among nearly 2,400 current lawsuits accusing the company of insufficient […]