Risperdal fine reduced to still massive $6.8 billion
A judge in Philadelphia, USA, has handed healthcare giant Johnson & Johnson (NYSE: JNJ) a slight reprieve, reducing an earlier judgement of $8 billion in damages to $6.8 billion.
The firm was ordered to pay the punitive charge in October 2019, after it was found that the group’s Janssen subsidiary had downplayed the risk that an antipsychotic drug, Risperdal (risperidone), could promote breast growth in young men.
Risperdal, which can also be used to treat people with schizophrenia, was prescribed to a man to help with autism. The multi-billion dollar award was on top of an earlier $680,000 in compensatory damages.
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