Big pharma, Deals, Partnering, Pharma

Johnson & Johnson gives a settlement of $2.2 billion for various misdemeanor

Posted on 06 November 2013

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Johnson & Johnson agrees to pay a settlement of $2.2 billion for a dispute of over 8 years.

Johnson & Johnson and its subsidiaries, Janssen Pharmaceuticals and Scion have finalized previously disclosed settlement agreements with the U.S. Department of Justice (DOJ) and 45 states resolving federal investigations and state Medicaid claims related to past promotional practices of RISPERDAL from 1999 through 2005, and other matters.

The resolution includes total settlement amounts of approximately $2 billion to the federal government and state Medicaid programs, an amount previously accrued.

Janssen will plead guilty to a single misdemeanor violation of the Food, Drug and Cosmetic Act for past promotional practices of RISPERDAL.

The agreement also resolves allegations related to the sales and marketing of INVEGA, NATRECOR by Scios Inc., and allegations related to Janssen's interactions with Omnicare.

Janssen will pay $400 million and plead guilty to a one-count misdemeanor misbranding charge.

Janssen and Scios will pay approximately $1.6 billion to settle three pending civil False Claims Act cases in federal district courts related to RISPERDAL and INVEGA, NATRECOR, and Omnicare.

Read the full article in Wall Steert Journal



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