SAN DIEGO—A California appeals court has upheld a lower court ruling that Johnson & Johnson must pay penalties to the state for deceptively marketing pelvic mesh implants for women, but reduced the amount by $42 million to $302 million. Johnson & Johnson had appealed in 2020 after Superior Court Judge Eddie Sturgeon assessed the $344…
Fired Pharmaceutical Workers Explain Why They Didn’t Get COVID-19 Shots
February 3, 2022
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A major pharmaceutical company this week fired many employees who refused to get the COVID-19 vaccine. Syneos Health is a global pharmaceutical outsourcing company with some 28,000 employees in more than 110 countries. It contracts with bigger pharmaceutical companies including COVID-19 vaccine maker Johnson & Johnson/Janssen. While J & J employs pharmaceutical representatives, it also…
NTD Business Full Broadcast (Nov. 12)
A record number of Americans are quitting their jobs. What’s behind it? NTD asks a hiring expert. With a nationwide labor shortage, companies are rushing to add robots to assembly lines. Drugmaker Johnson & Johnson is spinning off its consumer health products unit and splitting into two companies. What’s behind the move?
J&J, Costco Settle Lawsuits Over Recalled Sunscreen
Johnson & Johnson and Costco Wholesale Corp have reached a tentative agreement to settle lawsuits over the presence of a cancer-causing substance in several recalled J&J sunscreen products. Lawyers for the companies and for plaintiffs suing over the Neutrogena and Aveeno-branded aerosol sunscreen products disclosed the settlement in a court filing in the Fort Lauderdale,…
California Judge Rules 4 Drug Manufacturers Cannot Be Held Liable for Fueling Statewide Opioid Epidemic
November 2, 2021
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Crime and IncidentsDrug OverdoseDrugsJohnson and JohnsonJudiciaryLocal NewsopioidRegional-Local NewsSocial IssuesSouthern CaliforniaUSUS News
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A California judge on Monday ruled that four drug manufacturers cannot be held liable for fueling the widespread opioid epidemic in the state, dealing a significant blow to the $50 billion case. Attorneys representing three counties in California—Orange, Santa Clara, and Los Angeles, plus the city of Oakland—filed the lawsuit in 2014. They argued that the drug companies Endo International Plc.,…
California Judge Rules 4 Drugmakers Can’t Be Held Liable for Fueling Statewide Opioid Epidemic
November 2, 2021
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Crime and IncidentsDrug OverdoseDrugsJohnson and JohnsonJudiciaryLocal NewsopioidRegional-Local NewsSocial IssuesSouthern CaliforniaUSUS News
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A California judge on Nov. 1 ruled that four drug manufacturers can’t be held liable for fueling the widespread opioid epidemic in the state, dealing a significant blow to the $50 billion case. Attorneys representing three counties in California—Orange, Santa Clara, and Los Angeles, plus the city of Oakland—filed the lawsuit in 2014. They argued that the drug companies Endo International…
J&J Settles Most Risperdal Lawsuits, With $800 Million in Expenses
Johnson & Johnson said it has settled most of the lawsuits it faced by thousands of men who claimed its anti-psychotic drug Risperdal caused them to develop excessive breast tissue and disclosed that it recorded $800 million in expenses in connection with the agreement. J&J said in a filing with the U.S. Securities and Exchange…
People in Israel and Bahrain Risk Losing Vaccination Status If They Do Not Get Booster Shot
October 14, 2021
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Residents of Israel and Bahrain who are eligible for COVID-19 vaccine booster shots and do not have them risk losing their vaccination status granting them access to everything from restaurants to shopping malls. Israel was the first country to make a booster shot a requirement for “Green Pass” digital vaccination passports, which allow individuals to enter everything from…
J&J CEO Gorsky to Step Down, Company Veteran to Lead in 2022
August 20, 2021
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Johnson & Johnson will replace Chairman and CEO Alex Gorsky with another veteran company executive starting next year. The world’s biggest maker of health care products said late Thursday that Joaquin Duato will become CEO and a member of the company’s board of directors on January 3. Duato currently serves as vice chairman of Johnson…
NTD Business Full Broadcast (July 22)
A top Republican is saying the economy doesn’t need more government spending—prices are rising fast enough as it is. But the president is arguing that his spending plans will actually help inflation. Four drug companies and a group of attorneys general reach a multi-billion-dollar settlement. What’s in the landmark deal? American and Southwest Airlines report earnings…
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