Little Loss Makes Bigger Profits –
Aug. 26, 2019 – Teva Pharmaceutical and Purdue Pharma, the privately held maker of OxyContin that taken the brunt of the public’s blame for the drug crisis, settled with the state before the trial began. Neither company admitted to any wrongdoing. J&J was the only defendant left in the seven-week trial.
In the landmark ruling Monday, judge Thad Balkman called the drug crisis an “imminent danger and menace” and said Johnson & Johnson and its pharmaceutical subsidiary Janssen “caused an opioid crisis that’s evidenced by increased rates of addiction, overdose deaths and neonatal abstinence syndrome.”
