An investing blog on CNBC.com warns potential investors about health care giant Johnson & Johnson.
The stock is already up more than 22 percent on the year, the blog entry says, and trading at a price/earnings ratio more than twice that of rival Abbott Laboratories. But the entry points out that investors are worried about the company’s prospects for organic growth, especially in light of its reputation still being in “recovery” ...
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According to a story in the International Business Times, a batch of baby powder from a Johnson & Johnson plant in India was found to be contaminated with a carcinogen. That finding prompted the Food and Drug Administration to cancel Johnson & Johnson’s license to manufacture the powder at that plant.
In recent years, Johnson & Johnson has been obliged to recall nearly 300 million packages of over-the-counter medications, including Motrin, ...
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A story in the Washington Post says that several Johnson & Johnson shareholders spoke of their dissatisfaction with the company during their annual meeting recently. Their complaints focused on a long string of product recalls, ethical lapses and excessive executive pay.
In 2010, the company’s McNeil Consumer Healthcare unit recalled more than 280 million packages of over-the-counter medications, which included Motrin, children’s Tylenol liquid and Benadryl.
Also in 2010, Johnson & Johnson’s ...
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A report on News Channel 4 out of Oklahoma tells the story of a woman who received a vaginal mesh implant in the belief that it was the most advanced, minimally invasive technique available to cure her urinary incontinence.
Instead, she ended up in extreme pain, and trying unsuccessfully for three years to get the surgery necessary to remove the device. The story says she has joined ...
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An American plaintiff awarded $11.1 million in court because of her injuries from a vaginal mesh implant is lending her support to women seeking similar legal redress in Scotland and the U.K., according to a story in the Scots paper Daily Record.
The story says scores of women in Scotland have also suffered ill effects from the devices, implanted to treat pelvic organ prolapse and urinary incontinence.
The ...
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A story in the Daily Record out of Scotland deals with the plight of Scots women injured after receiving vaginal mesh implants. Hundreds may be “suffering horrendous health problems” from the devices, which are implanted to treat urinary incontinence and pelvic organ prolapse.
The story notes that the implants have generated widespread complaints in the United States of causing health problems for patients who receive them.
“The recognized ...
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