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News Johnson & Johnson to pay $2 billion for false marketing

  1. Dec 10, 2013 #1
    Pretty disgusting! I hate how cynical I've become. It's hard to trust anything these days.

    http://money.cnn.com/2013/11/04/news/companies/johnson-and-johnson-settlement/

    Furthermore I just read this story

    http://www.washingtonpost.com/busin...6628e-55e7-11e3-8304-caf30787c0a9_story.html#

     
  2. jcsd
  3. Dec 10, 2013 #2
  4. Dec 10, 2013 #3

    mheslep

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    J&J may have done what Holder claims, but given this case was settled without an opinion from a judge or jury I reserve judgement. I'm not sure why anyone would accept at face value what AG Eric "not something I've been involved in" Holder claims they've done, especially given the flip side of this penalty is that the federal and state governments and trial lawyers pocket $2 billion.
     
  5. Dec 10, 2013 #4

    lisab

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    It's a bit of a stretch to dismiss J&J's (possibly illegal) activities based on your opinion of Holder.
     
  6. Dec 10, 2013 #5

    Evo

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    Growing up, my best friend's father was in pharmaceutical sales. Yes, this is common. Kickbacks to doctors is how they push their sales, always has been, it's not unique to J&J. It's how all drug companies do business.

    Years ago in Chicago I went to a new doctor for bronchial problems, he was from India. I was seated right next to the doctor's office. He was in his office with a pharmaceutical rep. The conversation:

    Dr: You said if I prescribed these medications that you would hire my son, but he hasn't been hired yet.

    Pharma rep: You've done well, and a few more dozen prescriptions and I guarantee you we will hire your son.

    Needless to say, I was shocked. I knew there were financial kickbacks to drs for prescriptions, but I had no idea it went this far.

    I had been prescribed a medication for the welts I get from my reaction to heat. I knew this medication was the only one that worked, having tried several. Every doctor I went to insisted that he prescribe something different, even though I told them I had already tried it and it didn't work, they were all pushing the same brand. Now I understand why.

    My current doctor prescribes whatever I request, he never pushes anything, I may have finally found an honest doctor.
     
  7. Dec 11, 2013 #6
    That is quite a leap of personal opinion about Holder considering that J and J did plead guilty.


    http://www.lexisnexis.com/legalnews...-2-2-billion-in-criminal-civil-penalties.aspx

    As for the DOJ trial lawyers pocketing money, I do believe that they are on salary that averages $135,000.

    http://www.glassdoor.com/Salary/US-...-Trial-Attorney-Salaries-E41301_D_KO25,39.htm

    J and J's top lawyer earned nearly $9,000,000 in salary and options in 2011.

    http://www.forbes.com/profile/russell-deyo/ [Broken]
     
    Last edited by a moderator: May 6, 2017
  8. Dec 11, 2013 #7

    mheslep

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    What's a leap? To acknowledge that J&J "may have done what Holder claims" but to "reserve judgement"? My opinion of Holder is based largely on his his public record.

    As for the guilty plea, that was for misbranding, about which J&J says:
    Consequences of continuing to fight in court would include endless litigation costs but also the possibility of having its products banned by the largest single payer health system in the world (by dollars), US Medicare and Medicaid.

    DOJ trial lawyers? Not DOJ lawyers, not directly. Where do you suspect the $2 billion is actually going?
     
  9. Dec 11, 2013 #8
    Hopefully the money is going to help bust companies like J and J. Big pharma has become Bad Pharma.

    http://en.wikipedia.org/wiki/Bad_Pharma
     
  10. Dec 12, 2013 #9

    Office_Shredder

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    http://dealbook.nytimes.com/2013/11/20/where-does-jpmorgans-13-billion-go/?_r=0

    Paying victims, the general treasury fund, and occasionally programs related to the crime that was committed it seems.

    I use the JP Morgan article as an example only because there doesn't seem to be a lot of reporting on what happens to the money in other case.
     
  11. Dec 12, 2013 #10

    phinds

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    You are VERY late to the game if you think they have "become" bad pharma. They have always been bad pharma; this is nothing recent.
     
  12. Dec 12, 2013 #11
    I am not really late to the game. Many of us have known what is going on with big pharma for years. It was the Wiki entry that used the term BAD pharma. It is the name of a book released last February.

    Now that I know better I can properly call them bad pharma instead of croo@# %^&t@Rds.:devil:
     
    Last edited: Dec 12, 2013
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