Johnson & Johnson must pay US$8B in damages over antipsychotic that can make men grow


spaminator
#1
Johnson & Johnson must pay US$8B in damages over antipsychotic that can make men grow breasts
Reuters
Published:
October 9, 2019
Updated:
October 9, 2019 12:58 PM EDT
A Johnson & Johnson building is shown in Irvine, Calif., on Jan. 24, 2017.Mike Blake / Reuters / Files
Shares of Johnson & Johnson dipped 2% on Wednesday after a jury awarded $8 billion in punitive damages to a man who accused the drugmaker of failing to warn that young men using its antipsychotic drug Risperdal could grow breasts.
Analysts called the amount excessive, particularly since the plaintiff, Nicholas Murray, had already won $680,000 in compensatory damages over his claims.
But several said that J&J’s shares were now exposed to fears among investors that it would be hammered by further litigation costs as it battles other claims over Risperdal, its opioid treatments and talcum powder.
“It’s definitely a disproportionate award,” Bernstein analyst Lee Hambright said, noting that the FDA-approved label for the drug does mention breast growth as a side effect.
“(But) I think the stock reaction shows how sensitive investors are about litigation-related concerns for Johnson & Johnson.”
Wells Fargo analyst Lawrence Biegelsen said the $8-billion figure will “almost certainly be reduced.”
“The Supreme Court has said it should be a single digit ratio between compensatory and punitive damages,” he said.
“The important number here is the compensatory damages.”
J&J said the award was “grossly disproportionate with the initial compensatory award” and said it was confident it would be overturned.
The Philadelphia Court of Common Pleas verdict was the first in which a Pennsylvania jury had been able to consider awarding punitive damages in one of thousands of Risperdal cases pending in the state.
In 2013, Johnson & Johnson paid more than $2.2 billion to resolve civil and criminal investigations by the U.S. Department of Justice into its marketing of Risperdal and other drugs.
According to a recent filing, the company faces some 13,400 lawsuits tied to Risperdal, which allege the drug caused a condition called gynecomastia in boys, in which breast tissue becomes enlarged.
Risperdal was approved by the U.S. Food and Drug Administration in 2002 to treat schizophrenia, but was not cleared for use in children until 2006.
While the drug’s label does note that gynecomastia was reported in 2.3% of Risperdal-treated patients in clinical trials involving 1885 children and adolescents, the lawsuits generally claim the company understated the risk.
Johnson & Johnson is also among drugmakers named in lawsuits seeking to hold the pharmaceutical industry responsible for the nation’s opioid crisis and in August was asked to pay $572.1 million to the state of Oklahoma for its role in furling the epidemic.
http://torontosun.com/business/money...n-grow-breasts
 
spaminator
#2
Jury awards man $8B in punitive damages for drug that grew his breasts
Reuters
Published:
October 8, 2019
Updated:
October 10, 2019 7:36 AM EDT
A Johnson & Johnson building is shown in Irvine, Calif., on Jan. 24, 2017.Mike Blake / Reuters / Files
NEW YORK — Johnson & Johnson must pay $8 billion US in punitive damages to a man who previously won $680,000 over his claims that it failed to warn that young men using its antipsychotic drug Risperdal could grow breasts, a Philadelphia jury said on Tuesday.
The Philadelphia Court of Common Pleas jury’s verdict in favour of Nicholas Murray came in the first case in which a Pennsylvania jury had been able to consider awarding punitive damages in one of thousands of Risperdal cases pending in the state.
“This jury, as have other juries in other litigations, once again imposed punitive damages on a corporation that valued profits over safety and profits over patients,” Murray’s lawyers, Tom Kline and Jason Itkin, said in a joint statement. “Johnson & Johnson and (subsidiary) Janssen chose billions over children.”
J&J said the award was “grossly disproportionate with the initial compensatory award in this case, and the company is confident it will be overturned.” It added that the jury in the case had not been allowed to hear evidence of Risperdal’s benefits.
Professor Carl Tobias of the University of Richmond School of Law said he expects the punitive damages to be lowered on appeal, citing a U.S. Supreme Court decision which found that “few awards exceeding a single-digit ratio between punitive and compensatory damages, to a significant degree, will satisfy due process.”
Tobias said the verdict was about sending a message.
“A jury, if it’s outrageous enough conduct, will award a big number and let the lawyers and judges work it out,” he said.
Tobias added that the verdict could be a sign that J&J will face more large damages awards in other Risperdal cases.
“The kind of evidence in this trial may persuade another jury or judge to do something similar,” he said.
Murray, like other male plaintiffs in the mass tort litigation over Risperdal, alleges that he developed breasts after being prescribed the medicine when he was a minor. The U.S. Food and Drug Administration approved the drug in late 1993 for treating schizophrenia and episodes of bipolar mania in adults.
Plaintiffs claim that J&J failed to warn of the risk of gynecomastia, the development of enlarged breasts in males, associated with Risperdal, which they say the company marketed for unapproved uses with children.
In his lawsuit, Murray, now 26, alleged that he developed breasts after his doctors began prescribing him Risperdal off-label in 2003 after a psychologist diagnosed him with autism spectrum disorder. Doctors are allowed to prescribe medicines as they see fit, while companies are only allowed to promote their drugs for approved uses.
A jury in 2015 awarded Murray $1.75 million after finding J&J was negligent in failing to warn of the risk of gynecomastia. A state appeals court upheld the verdict in February 2018 but reduced it to $680,000.
Plaintiffs in the mass tort litigation had been barred from seeking punitive damages since 2014, when a state court judge ruled that the law of New Jersey, which prohibits punitive damages and is J&J’s home state, should be applied globally to the cases.
But a Pennsylvania Superior Court ruling in 2018 cleared the way for punitive damages awards, holding that the law of each plaintiff’s state should instead apply.
http://chealth.canoe.com/drug/getdrug/risperdal
http://torontosun.com/news/world/jur...ew-his-breasts
 
Danbones
#3
Yeah a guy isn't really considered sane till he gets those double 44Ds.

hopefully they grew on his chest.

Quote:

In his lawsuit, Murray, now 26, alleged that he developed breasts after his doctors began prescribing him Risperdal off-label in 2003 after a psychologist diagnosed him with autism spectrum disorder. Doctors are allowed to prescribe medicines as they see fit, while companies are only allowed to promote their drugs for approved uses.

FFS man! Is all I can say.