Johnson & Johnson Ordered To Pay $1 Billion Fine

  • Playlist
  • Download
  • Embed
    Embed <iframe src="http://www.npr.org/player/embed/150474908/150474897" width="100%" height="290" frameborder="0" scrolling="no">
  • Transcript

The judge ordered the fine after a jury found the company had minimized the risks of its antipsychotic drug Risperdal. Johnson & Johnson is asking for a new trial.

STEVE INSKEEP, HOST:

NPR's business news starts with a big fine for Johnson & Johnson.

(SOUNDBITE OF MUSIC)

INSKEEP: So much for no more tears. A judge in Arkansas ordered the company most famous for its baby shampoo to by more than a billion dollars in fines yesterday over its marketing for a very different product. That would be an antipsychotic drug, Risperdal.

Experts say the $1.2 billion penalty is among the biggest on record for a state-level fraud case involving a pharmaceutical company. A jury found that Johnson & Johnson failed to properly disclose the drug's possible side effects, like weight gain, risk of strokes in older patients, and increased risk of diabetes.

Johnson & Johnson says there's no evidence patients were harmed, and is asking for a new trial.

Copyright © 2012 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR’s programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.