In June 2009, a federal jury in Marshall, Texas, found that Abbot Laboratories infringed a patent jointly issued to Johnson & Johnson\u2019s Centocor unit and New York University.<\/p>\n
Robert Wood Johnson, a New England druggist, went in business with his brothers, James Wood Johnson and Edward Mead Johnson. They began making medical dressings in 1886 in New Brunswick, New Jersey. Today, Johnson & Johnson is internationally known to be one of the largest and the most diversified health care firms. They operate in three business segments: pharmaceuticals, medical diagnostics and devices, as well as the consumer business segment.<\/p>\n
The jury found that Abbott Laboratories owed Johnson & Johnson $504 million in patent royalties based on the sales of Abbott’s Humira arthritis drug and an additional $1.17 billion for decreased sales of Johnson & Johnson\u2019s competing treatments. An additional $175.6 million was later added by the trial judge for interest, bringing the total judgment (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" In June 2009, a federal jury in Marshall, Texas, found that Abbot Laboratories infringed a patent jointly issued to Johnson & Johnson\u2019s Centocor unit and New York University. Robert Wood Johnson, a New England druggist, went in business with his…<\/span><\/p>\n