Re:Opioid crisis: Johnson and Johnson hit by landmark ruling
by zaroth on Monday August 26, 2019 @10:33PM
(#20805849)
$17 billion is what OK said it would cost to manage the crisis over the next 20-30 years.
J&J was only 1% of the market for these types of drugs, and also this;
> Oklahoma wanted J&J to help it address the epidemic for the next 30 years by funding addiction treatment and prevention programs.
> Balkman said in his written ruling that the award covered only one year of addressing the crisis because Oklahoma did not demonstrate the time and costs needed beyond that.
So itβs worth considering the amount that J&J was fined in that context.
J&J was only 1% of the market for these types of drugs, and also this;
> Oklahoma wanted J&J to help it address the epidemic for the next 30 years by funding addiction treatment and prevention programs.
> Balkman said in his written ruling that the award covered only one year of addressing the crisis because Oklahoma did not demonstrate the time and costs needed beyond that.
So itβs worth considering the amount that J&J was fined in that context.