General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJNJ Found Guilty in OK Opioid case. Ordered to pay $572 million.
https://www.cnbc.com/2019/08/26/watch-judge-balkmans-decision-in-johnson-and-johnson-opioid-trial.htmlmalaise
(267,784 posts)Greed kills
mobeau69
(11,074 posts)Guess it wasn't as bad as investors were thinking it might be.
Whiskeytide
(4,459 posts)... selling the drugs. A lot more. This is a favorable outcome for them.
Mosby
(16,158 posts)are laughing all the way to the bank.
but hey, did you hear that baby powder causes cancer? True story, just ask a lawyer.
Va Lefty
(6,252 posts)mobeau69
(11,074 posts)gratuitous
(82,849 posts)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).
Doremus
(7,261 posts)sandensea
(21,526 posts)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.
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.
Laffy Kat
(16,354 posts)It will be years and years.
Tanuki
(14,893 posts)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 purchaseoverriding a recent decision by the doctors who manage the hospitals formulary of which drugs are to be prescribed.
"Theres a product thats made right now that just came out by Johnson & Johnson which has a tremendously positivepretty short-term, but nevertheless positiveeffect, 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)