The pharmaceutical giant Johnson&Johnson has agreed to a settlement in a lawsuit brought against it by the state of New York, committing to pay $230 million and exit the opioid analgesics business in the U.S. market. New York Attorney General Letitia James filed the lawsuit against the company and several other manufacturers of controversial pain medications, claiming that they are responsible for the opioid addiction epidemic due to their sales and deceptive marketing.
According to data presented, this addiction has claimed around 800,000 lives over the past twenty years, and although, as she claims, nothing can compensate for the loss of any life, the funds obtained will be directed towards the prevention and treatment of addiction and the prevention of the epidemic.
Lawsuits are pouring in
Attorney General James primarily criticizes the pharmaceutical giant for aggressively promoting its prescription pain medications while downplaying the risks of use. Johnson&Johnson, in its statement, asserted that the settlement does not imply an admission of guilt and that its marketing communications have always been truthful and responsible. However, despite these claims, Johnson&Johnson has faced significant reputational issues in recent years, which could seriously jeopardize their business.
