July 13, 1993 |
Thomas H. Odiorne, 52, a New Hope resident who was a top executive at Johnson & Johnson before leaving to help lead a fledgling biotech company, died Saturday at Doylestown Hospital. Mr. Odiorne started in 1969 as a sales representative at McNeil Pharmaceuticals, a Johnson & Johnson subsidiary in Spring House, Montgomery County, and worked his way up to the top. He was McNeil's president from 1985 to July 1989. In 1989, he went to Johnson & Johnson corporate headquarters in New Brunswick, N.J., to become president of the International Cilag-Ortho-McNeil group.
December 7, 1987 |
Johnson & Johnson will market and distribute three imaging agents being developed by Centocor Inc., the biotechnology firm in Malvern, under an agreement between the companies. The arrangement provides Centocor with a new source of income and badly needed marketing muscle. Johnson & Johnson, the health-care company based in New Brunswick, N.J., already has made an initial payment to Centocor for marketing rights to the products in the United States and several small foreign countries and will make additional payments as bench marks in the development process are achieved.
November 12, 2005 |
William H. Ashton, 87, of Huntingdon Valley, a scientist who patented products for the operating room, the bathroom and babies' bottoms, died of heart failure last Saturday at home. For more than 57 years, Mr. Ashton was associated with Johnson & Johnson as a research scientist and, after retiring in 1983, as a consultant. In 1949 he developed dental floss and dental tape for Johnson & Johnson and 30 years later patented flavored floss and tape. In the 1950s he invented resorbable sutures and later developed resorbable gauze for liver surgery.
February 15, 2013 |
BOSTON - Health care company Johnson & Johnson has been told to pay a teenager and her parents $63 million after she suffered a life-threatening drug reaction and lost most of her skin when she took a children's pain reliever nearly a decade ago. Johnson & Johnson and its Fort Washington-based McNeil-PPC Inc. subsidiary should pay Samantha Reckis and her parents a total of $109 million, including interest, a Plymouth Superior Court jury decided on...
January 17, 2003 |
Johnson & Johnson said yesterday that it would acquire 3-Dimensional Pharmaceuticals Inc., of Yardley, in a cash deal valued at $88 million. The pharmaceutical and health-care products giant will pay $5.74 for each 3-Dimensional share, which closed at $5.64 yesterday on the Nasdaq stock market. The announcement sent the small company's shares soaring $2.61, or 86.1 percent, at yesterday's close. 3-Dimensional Pharmaceuticals has drugs in early-stage research for treating cardiovascular disorders, oncology and inflammation.
October 10, 1989 |
ICI said yesterday that it would sell its U.S. over-the-counter drug business to a joint venture of Merck & Co. and Johnson & Johnson for more than $450 million. The deal will contribute about $125 million in annual sales to the seven- month-old Johnson & Johnson-Merck Consumer Pharmaceuticals Co., which has yet to market any of its own products. The bulk of the revenue will be derived from the Mylanta line of antacid products and the Mylicon line of anti-gas products. In return, ICI will receive a cash payment and unspecified obligations, plus the U.S. rights to Elavil, a Merck antidepressant launched in the early 1960s.
April 18, 2011 |
The existence of talks aimed at a possible merger of Johnson & Johnson and Synthes were confirmed Monday by Synthes, which has major operations in Chester County. Synthes is a global medical device manufacturer with headquarters in Switzerland and West Chester, but also has four other facilities in West Chester and a fifth in Paoli. The company is one of the dominant players in the field of repairing bones, especially in the spine and those broken by trauma. That means plates and screws, compounds and medical power tools.
June 14, 2010
Johnson & Johnson persuaded a Philadelphia judge on Monday to throw out the Pennsylvania government's suit alleging that the drugmaker hid health risks of its antipsychotic drug Risperdal and tricked the state into paying millions more than it should have for the medicine. The state contended in Common Pleas Court that it was paying a premium - as much as $13 a pill for Risperdal, as opposed to 50 cents per tablet for comparable medication - after being told that Johnson & Johnson's drug was more effective and safer.
April 12, 2012 |
An Arkansas judge fined Johnson & Johnson more than $1.1 billion Wednesday because the health-care giant's Janssen subsidiary marketed the antipsychotic drug Risperdal in misleading ways through that state's Medicaid system. The award, if upheld on appeal, could reverberate through the many courts in which J&J is fighting lawsuits about the drug, which was approved only for schizophrenia and bipolar mania but was prescribed for other ailments. "This is the third one in a row that they've lost, and when you see a pattern like this, sometimes discretion is the better part of valor when you're trying to decide about settling," said University of Richmond law professor Carl Tobias, who specializes in product liability.