Saturday, September 6, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Innovation

J&J Issued $18.8M Talc Verdict, Suing Biden Administration | Entrepreneur

by Riah Marton
in Innovation
J&J Issued .8M Talc Verdict, Suing Biden Administration | Entrepreneur
Share on FacebookShare on Twitter


On Tuesday, John & Johnson (J&J) filed a lawsuit suing the Biden administration over Medicare’s new authority to reduce drug prices, joining Merck and Bristol Myers Squibb in challenging the controversial provision of the Inflation Reduction Act.

The Inflation Reduction Act, signed into law in August 2022, aims to fight inflation, lower the deficit, and reduce carbon emissions, among other goals. It includes reforms to the tax system, investments in clean energy, and allows Medicare to negotiate prescription drug prices.

The lawsuit argues that the IRA Medicare price negotiations violate the First and Fifth Amendments of the U.S. Constitution by “coercing” the company into “agreeing” that the government is “negotiating” a “fair” price and compels the company “to make false and misleading statements,” according to the complaint.

Additionally, the company believes that the IRA will stifle medical progress.

“We believe that the IRA’s pricing provisions will constrain medical innovation, limit patient access and choice, and negatively impact the overall quality of patient care,” J&J wrote in a press release on Tuesday.

The U.S. Health and Human Services Department said it will “vigorously defend the President’s drug price negotiation law, which is already helping to lower health care costs for seniors and people with disabilities,” per CNBC.

How Much Did J&J Pay for Talc Cancer Lawsuit?

Also on Tuesday, Johnson & Johnson (J&J) was ordered to pay $18.8 million to a California man who claimed he developed cancer from using the company’s baby powder, Reuters reported.

Emory Hernandez Valadez, 24, filed a lawsuit last year against J&J claiming he developed mesothelioma due to prolonged exposure to the company’s talc since childhood.

Related: Johnson & Johnson Ordered to Pay $55 Million in Talc-Powder Trial

Talc is a soft mineral used in various consumer products like baby powder and cosmetics for its ability to absorb moisture and reduce friction. However, its use has also been subject to controversy, particularly with J&J, which has faced thousands of lawsuits alleging its talc-based products are contaminated with cancer-causing asbestos.

In April, the company filed for bankruptcy through a subsidiary, LTL Management, with a proposal to settle over 38,000 lawsuits for $8.9 billion. However, most litigation has been halted during bankruptcy proceedings. The reason Hernandez’s trial proceeded was due to his terminal condition and the rarity of his form of mesothelioma, setting it apart from the majority of cases against J&J, Reuters added.

The jury ruled in favor of Hernandez on Tuesday. While Hernandez was awarded damages for medical bills and strife, the jury did not grant punitive damages against J&J.

The company plans to appeal the verdict, maintaining that its products are safe and do not cause cancer, per Reuters.

Erik Haas, J&J vice president of litigation, told the outlet that the verdict is “irreconcilable with the decades of independent scientific evaluations confirming Johnson’s Baby Powder is safe, does not contain asbestos, and does not cause cancer.”

Related: Johnson & Johnson Hit With More Than $1 Billion Verdict on Hip Implants



Source link

Tags: 188MAdministrationBidenBusiness NewsEntrepreneurHealthcareIssuedJohnson & JohnsonLawsuitsNews and TrendsSuingTalcVerdict
Riah Marton

Riah Marton

I'm Riah Marton, a dynamic journalist for Forbes40under40. I specialize in profiling emerging leaders and innovators, bringing their stories to life with compelling storytelling and keen analysis. I am dedicated to spotlighting tomorrow's influential figures.

Next Post
How to Use Technology to Run Your Company as an Executive with a Limitation | Entrepreneur

How to Use Technology to Run Your Company as an Executive with a Limitation | Entrepreneur

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2025 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In