Johnson & Johnson

J&J to buy Halda Therapeutics in US$3.05 billion cash deal

[NEW YORK] Johnson & Johnson has agreed to buy the cancer treatment biotech Halda Therapeutics for US$3.05 billion cash, part of a strategy to cope with eroding sales for its major psoriasis drug.

J&J is separately facing tens of thousands of lawsuits in the US, where claimants allege they were diagnosed with cancer after using baby powder and other company talc products.

J&J faces first UK lawsuits alleging its baby powder caused cancer

[LONDON] Johnson & Johnson is facing the first lawsuits in Britain over allegations that its talc products cause cancer, as it fights tens of thousands of similar claims in the United States.

J&J would also announce plans for additional manufacturing facilities in the US and the expansion of current US sites in the coming months.

Johnson & Johnson to invest US$2 billion to boost US manufacturing as drug tariffs loom

[NEW YORK] Johnson & Johnson (J&J) said on Thursday (Aug 21) it would invest US$2 billion in North Carolina as it aims to expand its US manufacturing presence amid looming drug import duties proposed ...

J&J has been attempting to resolve the lawsuits through a subsidiary company’s bankruptcy, after two previous bankruptcy attempts failed in other courts.

US judge rejects J&J’s US$10 billion baby powder settlement

[NEW YORK] A US bankruptcy judge on Monday rejected Johnson & Johnson’s US$10 billion proposal to end lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the t...

J&J’s deliberations come on the eve of the healthcare industry’s annual confab in San Francisco.

Johnson & Johnson is in talks to buy US$10 billion biotech Intra-Cellular

JOHNSON & Johnson (J&J) is in talks to acquire Intra-Cellular Therapies, a biopharmaceutical company focused on treatments for central nervous system disorders, sources familiar with the matter said.

J&J faces lawsuits from more than 62,000 plaintiffs alleging its baby powder and other talc products were contaminated with asbestos.

J&J talc bankruptcy stays in Texas despite ‘forum-shopping’ opposition

A JOHNSON & Johnson (J&J) subsidiary can pursue its third attempt to resolve tens of thousands of lawsuits alleging its talc products caused cancer in a federal bankruptcy court in Texas, a judge rule...

The increase would boost the size of the settlement to more than US$9 billion paid over 25 years.

Johnson & Johnson adds US$1.1 billion to proposed talc settlement

JOHNSON & Johnson plans to pay an additional US$1.1 billion to resolve tens of thousands of legal actions alleging its baby powder and other talc products caused cancer, two people familiar with the m...

The settlement offer includes claims that the talc-based version caused ovarian and other gynaecological cancers.

J&J gets plaintiff backing for US$6.5 billion baby powder accord

JOHNSON & Johnson (J&J) has cleared a key hurdle for advancing a US$6.5 billion plan to resolve thousands of lawsuits by people who say its baby powder gave them cancer, according to sources familiar ...

In its settlement with 42 states and the District of Columbia, Johnson & Johnson did not admit wrongdoing, even though it withdrew its talcum-based powder from the North American market in 2020.

Johnson & Johnson reaches US$700 million talc case settlement

US PHARMACEUTICAL and cosmetics giant Johnson & Johnson has agreed to pay US$700 million to settle allegations it misled customers about the safety of its talcum-based powder products, New York’s atto...