Posted on Jun 4, 2019

Johnson & Johnson, Under Fire, Has Track Record Of Weathering Trouble

PO1 William "Chip" Nagel

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In the health care industry, there are few brands more well known than Johnson & Johnson. The maker of consumer staples ranging from Band-Aids to baby shampoo has faced a number of controversies in its 133-year history. Now it is contesting charges that it contributed to the nation's opioid epidemic.

Stock in Johnson & Johnson took a beating last week, as a trial got underway in Oklahoma. State officials there allege the giant company sparked a deadly public health crisis. The company's shares fell 4% last Wednesday and regained less than 1% the following day.

The state of Oklahoma has accused the company of creating a "public nuisance" by oversupplying prescription painkillers.

Johnson & Johnson, Under Fire, Has Track Record Of Weathering Trouble

Posted from npr.org

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Pharmaceuticals Drug

Posted >1 y ago

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SP5 Dennis Loberger

Posted >1 y ago

I am not sure how to feel about this. In the end, no one can make a Doctor prescribe any drug. It is not a secret about the complications that Schedule IIs create. Doctors were and are aware of that. How do you decide that manufacturers oversupplied these drugs. It is not in the best interest of manufacturers to oversupply since the law of supply and demand would drive the price down. They certainly are guilty of aggressively detailing the drugs they manufacture. If I were to sit on the jury, I would need far more info to arrive at a decision

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