Health News Roundup: J&J effort to resolve talc lawsuits in bankruptcy fails a second time; US asks Supreme Court to delay Purdue Pharma bankruptcy settlement and more

U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey, ruled that a J&J company's second bankruptcy, like its first, must be dismissed because the talc lawsuits did not put it in immediate "financial distress."


Devdiscourse News Desk | Updated: 31-07-2023 02:32 IST | Created: 31-07-2023 02:26 IST
Health News Roundup: J&J effort to resolve talc lawsuits in bankruptcy fails a second time; US asks Supreme Court to delay Purdue Pharma bankruptcy settlement and more
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Following is a summary of current health news briefs.

Novo Nordisk weight-loss drug Wegovy launched in Germany, first big EU market

Novo Nordisk has launched blockbuster weight-loss drug Wegovy in Germany, its first big European market, hoping Germans will pay hundreds of euros out of pocket for a drug that public health insurance plans are so far barred from covering. The drug, shown to help patients reduce body weight by around 15% when used along with exercise and lifestyle changes, is already available in the United States, but in Europe is so far on sale only in small markets Norway and Denmark.

US asks Supreme Court to delay Purdue Pharma bankruptcy settlement

The U.S. Department of Justice on Friday asked the U.S. Supreme Court to stop Purdue Pharma from proceeding with a bankruptcy settlement that protects its Sackler family owners from lawsuits. An appeals court rejected a proposed delay earlier this week, ruling that Purdue may proceed with a bankruptcy plan that was approved in May. Purdue's bankruptcy plan would shield its owners from opioid lawsuits in exchange for a $6 billion contribution to the company's broader bankruptcy settlement.

J&J effort to resolve talc lawsuits in bankruptcy fails a second time

A U.S. judge on Friday shot down Johnson & Johnson's second attempt to resolve tens of thousands of lawsuits over its talc products in bankruptcy, imperiling a proposed $8.9 billion settlement that would stop new lawsuits from being filed. U.S. Bankruptcy Judge Michael Kaplan in Trenton, New Jersey, ruled that a J&J company's second bankruptcy, like its first, must be dismissed because the talc lawsuits did not put it in immediate "financial distress."

(With inputs from agencies.)

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