Johnson & Johnson Wins in Court

Johnson & Johnson said that Abbott Laboratories infringed on their patented arthritis treatments. On Monday, a United States federal judge agreed. The verdict? A whopping $1.67 billion for Johnson & Johnson.
The money was awarded to Centocor Ortho Biotech Inc., which is a wholly-owned subsidiary of Johnson & Johnson.
Said Kim Taylor, Centocor Ortho Biotech Inc.’s President: “We are pleased that the jury has ruled in our favor in the patent litigation case against Abbott.
“We are particularly gratified that the jury recognized our valuable intellectual property, finding our patent both valid and infringed. We will continue to assert intellectual property rights for …read more