(Reuters) - A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like Johnson's Baby Powder for feminine hygiene.
Firm to pay damages to medical receptionist who developed ovarian cancer after using its baby powder
To help the makers of soaps, oils, shampoos, creams and talc for babies fill expand its portfolio
There are more than 3,000 lawsuits accusing world's largest health-care company of ignoring studies
Thousands of lawsuits have proved that Johnson & Johnsonis primarily a profit oriented company
(Reuters) - Johnson & Johnson on Thursday was ordered by a Missouri jury to pay over $110 million to a Virginia woman who says she developed ovarian cancer after decades of using of its talc-based products for feminine hygiene.
(Reuters) - Johnson & Johnson said on Friday that a state court jury in Missouri had returned a verdict in its favour in the latest trial to arise out of thousands of lawsuits alleging the company's talc-based products can increase the risk of ovarian cancer.
Actelion shares surged as much as 22 per cent in Zurich
In all-cash deal which includes spinning off Actelion's R&D pipeline
Deal will create a new Swiss-listed firm called R&D NewCo ocusing on the R&D of new drugs
A deal could be finalised by late January
J&J still faces almost 9,000 lawsuits accusing the company of mishandling the metal-on-metal hips
An acquisition would add to the $246 billion of pharmaceutical deals announced this year
It is the first time a manufacturer had issued such a warning to patients about a cyber vulnerability
The company is facing nearly 1,200 lawsuits
Firm says it will appeal the verdict
To investigate alleged carcinogenic effect and presence of impurities in baby powder
The move comes months after a 62-year old woman in the US died of ovarian cancer linked to sustained use of the powder
Jacqueline Fox was awarded $72 million by a St Louis jury in J&J case
An Alabama woman died from ovarian cancer, which she said was caused by using Johnson & Johnson's baby powder