Sometimes, when there are large possible verdicts or fines at stake, companies may try to take measures to protect themselves from catastrophic liability. One of the steps that they may take is moving assets to keep them from being subject to whatever ruling or penalty that the company faces. It is here where some of …
In an expected development in the wake of the company’s large settlement of thousands of lawsuits, drug maker Purdue Pharmaceuticals has filed for Chapter 11 bankruptcy. The filing came after the company paid $12 billion to settle lawsuits that accused it of being responsible for the opioid crisis that has caused hundreds of thousands of …
A doctor is New York has pled guilty to taking a $199,400 kickback from an opioid manufacturer. The doctor was charged with a number of crimes in relation to his conduct, which involved distributing several kinds of different opioids to a patient. The patient died from an overdose as a result of the doctor’s conduct. …
When a drugmaker applies for FDA approval of its product, it is responsible for providing the data to the agency. The FDA then reviews the data to reach its decision about whether to grant or withhold approval of the drug and what possible conditions to require. The process demands that pharmaceutical manufacturers provide accurate and …
So far in 2019, there has been specific litigation developments affecting pharmaceutical companies. There have been various legal issues that the companies have faced from pharmaceutical lawsuits to regulatory enforcement. These have been brought by governments and consumers who claim that the companies have engaged in wrongdoing on various different levels. Here are seven different …
Pradaxa is a drug that is intended to reduce the risk of stroke by treating blood clots. The drug is used by those who are prone to these blood clots since they have atrial fibrillation. Pradaxa is an anticoagulant that is supposed to keep the blood flowing freely through the body. However, there have been …
On March 13, a jury in California awarded a woman more than $29 million. The woman had claimed that asbestos in a bottle of talcum power produced by Johnson & Johnson caused her cancer. The verdict, which was handed down in Oakland’s Superior Court, is just the latest setback for the company. Currently, there are …
Walgreens, legally identified as Walgreens Boots Alliance, is the second-most popular pharmacy across the United States. With more than 13,000 stores spread throughout the contiguous United States, Hawaii, and Alaska, Walgreens has secured a market share of 15.6. percent in terms of the nation’s retail pharmaceutical industry. Prescription drug prices in the United States are substantially more expensive than in any …
On Thursday, January 3, 2019, the state of Georgia filed a lawsuit against drug companies for deaths related to opioid overdoses. The state’s government has accused drug companies of flooding Georgia with pain relieving drugs and gaining profit from people becoming addicted. The lawsuit, which was brought about by the Georgia Attorney General, states that …
The Universal Declaration for Human Rights stipulates that “Everyone has the right to life, liberty and security of person.” But when citizens are troubled with health problems, the healthcare system, regardless if its private or public is challenged in a way that it needs to secure the right healthcare for every human being. In the …