Johnson and Johnson hit with $55M damages in talc cancer case

Re:Johnson and Johnson hit with $55M damages in talc cancer ... by fallenshell on Tuesday May 03, 2016 @04:58PM (#11624192)

It's not like 55 million dollars is much for a company this size.

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Re:Johnson and Johnson hit with $55M damages in talc cancer ... by GordonS on Tuesday May 03, 2016 @05:10PM (#11624264)

The article says there are around 1,200 such cases pending... that's a lot of money for any company

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Re:Johnson and Johnson hit with $55M damages in talc cancer ... by nerdponx on Tuesday May 03, 2016 @08:19PM (#11625297)

But certainly far less money than they made

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Re:Johnson and Johnson hit with $55M damages in talc cancer ... by sokoloff on Tuesday May 03, 2016 @08:33PM (#11625345)

If the implication is that they made more than $66BB USD in profit from the sale of talcum powder, I think you're overestimating dramatically.

JNJ's total annual earnings is around $15BB (from all products).

JNJ's total annual sales of talcum powder are around $400MM. It would take them ~150 years to SELL $60BB of talc, let alone have that amount of profit from talc.

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Re:Johnson and Johnson hit with $55M damages in talc cancer ... by mietek on Wednesday May 04, 2016 @03:31AM (#11626797)

Note that Johnson & Johnson have been selling cosmetic talc since 1893.

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