Opioid crisis: Johnson and Johnson hit by landmark ruling

Re:Opioid crisis: Johnson and Johnson hit by landmark ruling by Bud on Monday August 26, 2019 @08:23PM (#20805070)

They did get off easy. This is about 3% of J&J's annual profit. I guarantee you they are ordering hookers, blow, and cases of Dom Pérignon in the J&J boardroom after this.

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Re:Opioid crisis: Johnson and Johnson hit by landmark ruling by adrianmonk on Monday August 26, 2019 @08:33PM (#20805145)

It's also only for cases in Oklahoma. Oklahoma has under 4 million people, and the US has over 300 million, so it's about 1.2% of the US population.

If you extrapolate and assume similar settlements in 49 other states, that would come out to 250% of their annual profits. Which may not happen, but the point is that 3% should be viewed in some kind of perspective.

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Re:Opioid crisis: Johnson and Johnson hit by landmark ruling by robocat on Monday August 26, 2019 @08:27PM (#20805097)

> This is about 3% of J&J's annual profit

What % of profits made by J&J in Oklahoma? Presumably the risk is that other states could decide that this could be a good way to get income too?

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Re:Opioid crisis: Johnson and Johnson hit by landmark ruling by refurb on Monday August 26, 2019 @09:37PM (#20805552)

Opioids are a very small proportion of J&J’s sales. I wouldn’t calculate it based on their entire portfolio of cancer drugs.

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