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Thread: MORE bad news for Woody!

  1. #1
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    MORE bad news for Woody!

    Johnson & Johnson fined $1.1bn in latest Risperdal case
    11 April 2012 Last updated at 12:22 ET

    Johnson & Johnson is appealing fines handed down by other US states

    Drug giant settles US fraud case

    Drugs giant Johnson & Johnson (J&J) has been ordered by a US judge to pay $1.1bn (690m) for downplaying the risks involved in taking its anti-psychotic drug Risperdal.

    The state of Arkansas sued J&J and its subsidiary Janssen Pharmaceuticals over its marketing of the drug in 2007.

    A number of US states have already found the firms guilty of similar charges and fined them accordingly.

    Janssen said it was "disappointed" with the judge's decision.

    The company added that if its motion for a retrial was denied, it would appeal the fine.

    "During the nearly three-week trial, Janssen presented abundant evidence showing the company acted responsibly and fully complied with all laws and regulations regarding Risperdal," it said in a written statement.

    Appeal
    In January, J&J agreed to pay $158m to settle allegations of illegal marketing of Risperdal in Texas.

    Last year, a South Carolina judge ruled the company must pay a $327m penalty after a jury found it guilty of similar charges, while in 2010, a Louisiana jury found the company violated the state's Medicaid fraud act.

    These two verdicts are currently under appeal.

    Medicaid is a government-backed US public heath programme for low-income citizens.

  2. #2
    Bewildered Beast
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    Because...

  3. #3
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    Quote Originally Posted by WestCoastOffensive View Post
    Because...
    +1...

    Amazing that people still correlate them after all these years...

  4. #4
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    Woody was a summer intern for Johnson & Johnson literally 50 years ago so this has everything to do with him.

  5. #5
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    Quote Originally Posted by ozu View Post
    Woody was a summer intern for Johnson & Johnson literally 50 years ago so this has everything to do with him.
    Just a ploy to Risperdal jerseys

  6. #6
    Jets Insider VIP
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    Other than having the same surname, there is zero connection between RWJ IV and J & J.

    Dump

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