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JNJ Found Guilty in OK Opioid case. Ordered to pay $572 million. (Original Post) mobeau69 Aug 2019 OP
Good malaise Aug 2019 #1
Stock is up in after hours. mobeau69 Aug 2019 #3
Yep. They made a lot more than half a billion $ ... Whiskeytide Aug 2019 #6
The doctors who wrote all those scripts Mosby Aug 2019 #11
Good news but, how many years before plaintiffs see a dime of it? Va Lefty Aug 2019 #2
Ain't that right. mobeau69 Aug 2019 #4
Years gratuitous Aug 2019 #12
$575M vs. how many billions? nt Doremus Aug 2019 #5
The cost of doing bidness, as they like to call it sandensea Aug 2019 #7
Good point. nycbos Aug 2019 #9
I heard this morning that they would appeal if decided against them. Laffy Kat Aug 2019 #8
Never fear, MF45 is planning to shore up their profits by dumping ketamine on the VA Tanuki Aug 2019 #10

Whiskeytide

(4,459 posts)
6. Yep. They made a lot more than half a billion $ ...
Mon Aug 26, 2019, 04:29 PM
Aug 2019

... selling the drugs. A lot more. This is a favorable outcome for them.

Mosby

(16,158 posts)
11. The doctors who wrote all those scripts
Mon Aug 26, 2019, 04:52 PM
Aug 2019

are laughing all the way to the bank.

but hey, did you hear that baby powder causes cancer? True story, just ask a lawyer.

gratuitous

(82,849 posts)
12. Years
Mon Aug 26, 2019, 06:16 PM
Aug 2019

After Philip Morris got its ass kicked in Oregon in 1999, it took until 2008 after they'd gone to the Supreme Court twice trying to overturn the jury's $80 million verdict. When the Supremes finally turned away the third petition, Philip Morris paid the judgment plus interest by overnight mail (probably out of petty cash).

sandensea

(21,526 posts)
7. The cost of doing bidness, as they like to call it
Mon Aug 26, 2019, 04:30 PM
Aug 2019

And deliberately addicting people is big bidness indeed.

Japan and Nazi Germany bankrolled much of their war outlays that way - as did the Iran-Contra people.

nycbos

(6,032 posts)
9. Good point.
Mon Aug 26, 2019, 04:39 PM
Aug 2019

But this is just Oklahoma. Know that there is a precedent bigger states like California, New York, Texas etc. might get into the game now.

They would be able to extract way more.

Tanuki

(14,893 posts)
10. Never fear, MF45 is planning to shore up their profits by dumping ketamine on the VA
Mon Aug 26, 2019, 04:49 PM
Aug 2019

against expert medical advice.

https://www.google.com/amp/s/amp.theatlantic.com/amp/article/596716/

"President Donald Trump said on Wednesday that the government will purchase “a lot” of the drug esketamine, a derivative of ketamine.

Though ketamine is known as a recreational hallucinogen, Trump asserted that a new nasal-spray derivative would be of great benefit to veterans with depression. As he left the White House for a veterans’ conference in Kentucky, he told reporters that he had instructed the Department of Veterans Affairs to make a large purchase—overriding a recent decision by the doctors who manage the hospitals’ formulary of which drugs are to be prescribed.

"There’s a product that’s made right now that just came out by Johnson & Johnson which has a tremendously positive—pretty short-term, but nevertheless positive—effect,” Trump said. But that statement is contrary to the evidence. A review by the Food and Drug Administration of what limited studies have been done with esketamine found mixed results, leaving many scientists unsure if the drug is indeed effective and safe. Just last week, the agency published a report that said the drug was not reliably better than placebo."....(more)

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