Friday, January 06, 2012

J&J to pay more than $1 billion to settle probe: report -

(Reuters) - Johnson & Johnson is set to pay more than $1 billion to resolve a U.S. civil investigation into the marketing of its Risperdal antipsychotic drug, Bloomberg News reported on Thursday, citing anonymous sources.

The company reached a deal last week with the U.S. attorney in Philadelphia. The deal does not resolve negotiations over a possible criminal plea, the report said.

Johnson & Johnson spokeswoman Teresa Mueller said the company does not comment on rumors or speculation.

In August, J&J said it reached an agreement related to a misdemeanor charge stemming from the Risperdal investigation, although some issues remained unresolved.

Posted via email from Jack's posterous

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