drugmakers News

Rhode Island Takes Teva to Trial in Multibillion-Dollar Opioid Case

Rhode Island is set to square off on Monday against Teva Pharmaceutical Industries Ltd., as a multibillion-dollar trial begins over whether the Israeli company contributed to an opioid crisis that has caused more than 500,000 deaths over the past two …

Sackler Ruling Could Delay Purdue’s Payment of Billions by Years

OxyContin-maker Purdue Pharma could be years away from paying billions of dollars to address the U.S. opioid crisis after a judge blew up a deal that gave legal immunity to the Sackler family that owned the company, people close to …

California Judge Delivers Drugmakers 1st Trial Win in Opioid Litigation

A California judge on Monday said he would rule against several large counties that accused four drugmakers of fueling the U.S. opioid epidemic, saying they failed during a trial to prove their $50 billion case. Orange County Superior Court Judge …

Drugmakers, Pharmacies Next Targets for US Opioid Settlements

NEW YORK — With a $26 billion nationwide settlement in sight over claims that the three largest U.S. drug distributors and Johnson & Johnson helped fuel a nationwide opioid epidemic, state and local governments will soon turn their attention to …

J&J, Other Drugmakers Go to Trial in California in $50B Case Over ‘Deadly Legacy’ of Opioids

Four drugmakers helped cause the deadly U.S. opioid epidemic by deceptively marketing their drugs and downplaying their addictive risks, a lawyer for several California counties argued on Monday at the start of a multibillion-dollar trial. Those counties accuse Johnson & …

J&J to Contribute Up to $5 Billion to Potential U.S. Opioid Settlement

Johnson & Johnson on Tuesday said it will contribute up to $1 billion more to a potential settlement of lawsuits alleging it and other companies fueled the U.S. opioid epidemic, bringing the total amount it would pay to $5 billion. …

COVID-19 Era Highlights ‘Black Hole’ Compensation Fund For Vaccine Injuries

A U.S. government program that compensates people who say they have been harmed by an emergency vaccine has paid out on fewer than 10% of claims, raising questions whether the process should be used to address any potential side effects …

Global Web of Drug Suppliers Challenges FDA as Safety Fears Rise

Regulators want to reduce U.S. dependence on foreign-made pharmaceutical ingredients, as a wave of recalls has raised questions about the safety of the global drug-supply chain. The Food and Drug Administration is encouraging drug companies to invest in new production …

J&J Faces 100,000 More Damage Claims After Taking $8 Billion Hit

Johnson & Johnson has taken some costly beatings in court this year. And it could get worse. Just last week, a jury ordered J&J to pay $8 billion for wrongfully pushing doctors to prescribe the anti-psychotic drug Risperdal. While the …

Sources Say JPMorgan Cuts Ties with OxyContin Maker Purdue Pharma

JPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker’s alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments, people familiar with the matter …