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StevenSalzberg1's profile
Steven Salzberg
Steven Salzberg
Steven Salzberg
@StevenSalzberg1

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Steven Salzberg

@StevenSalzberg1

Bloomberg Distinguished Professor of BME, CS, and Biostats at Johns Hopkins University, tennis player, blogger at Forbes: http://forbes.com/sites/stevensa …

Maryland, USA
salzberg-lab.org
Joined August 2012

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    Steven Salzberg‏ @StevenSalzberg1 8 Oct 2019

    even if you hate the company, and even if they misled patients about possible side effects, an $8 billion jury award is ridiculous. It would destroy the company and leave nothing to compensate anyone else, among other problems. Our jury system is brokenhttps://www.wsj.com/articles/j-j-hit-with-8-billion-jury-award-over-antipsychotic-drug-11570577281 …

    4:49 PM - 8 Oct 2019
    • 16 Retweets
    • 57 Likes
    • Dr. Joseph Haluska Sylvia Kane Hieflo BiotechObserver William M. London Biopharma-moat transplantrockstar Margaret O'Doherty Rick Farouni
    24 replies 16 retweets 57 likes
      1. Darwin's Money‏ @EverydayFinance 8 Oct 2019
        Replying to @StevenSalzberg1

        Might as well be infinity. What never gets much press is these awards always ALWAYS get overturned on appeal and settled for like 6 figures. Media glosses over the final result. Not newsworthy

        0 replies 0 retweets 10 likes
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      1. Kurt Butler‏ @MauiLiberty 8 Oct 2019
        Replying to @StevenSalzberg1

        Given a choice I'd accept a little breast enlargement over psychosis. If this guy wouldn't make this trade off, why didn't he stop taking it after the first sign of swelling? I'm sure he didn't wake up one morning with a Dolly Parton chest.

        0 replies 0 retweets 3 likes
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      2. David Gorski, MD, PhD‏Verified account @gorskon 8 Oct 2019
        Replying to @StevenSalzberg1

        $8 billion for gynecomastia (enlarged breast)? That's insane.

        1 reply 0 retweets 6 likes
      3. Minori "Minnie" Omi‏ @GenjitsuNezumi 8 Oct 2019
        Replying to @gorskon @StevenSalzberg1

        That's "corporate lawyers scrambling to appeal the value of the award" territory. I really doubt it'll stay that high, especially since compensatory damages of $680k were already awarded, and the SCOTUS decision "State Farm v. Campbell" limits excessively high punitive damages.

        0 replies 0 retweets 1 like
      4. End of conversation
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      2. irony of life‏ @InvestorSwan 8 Oct 2019
        Replying to @StevenSalzberg1 @matthewherper

        Why do you say that? It is SIX months of profit! If you were paid half your salary in 2019 but normal salary starting 2020, with 20% annual increase, will it break you? Our drug pricing system is broken. Trivia: what was the NET INCOME of J&J in 2018?

        1 reply 0 retweets 4 likes
      3. irony of life‏ @InvestorSwan 8 Oct 2019
        Replying to @InvestorSwan @StevenSalzberg1 @matthewherper

        Hint.: Net Sales were $81 Billion!

        1 reply 0 retweets 1 like
      4. Show replies
      1. Marian Hollingsworth‏ @MarianHolling 8 Oct 2019
        Replying to @StevenSalzberg1 @matthewherper

        What about the tens of thousands of seniors who died from deadly side effects of Risperdal given (usually without consent) in nursing homes? J&J deserves every ruling it gets for putting profits over the safety of patients

        0 replies 0 retweets 4 likes
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      2. Jared Seehafer‏ @seehafer 8 Oct 2019

        I'm aware these are almost pro forma reversed on appeal, but that's part of the point: the system is broken. This is also in furtherance of the claim the system is broken: "Those with a legitimate claim wait years to see any money and the only winners are the attorneys."

        1 reply 0 retweets 4 likes
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      1. Ricardo Frausto‏ @Rick_Frausto 8 Oct 2019
        Replying to @StevenSalzberg1

        Okay, but... “When ruling on appeals, judges often reduce jury punitive-damage awards.”

        0 replies 0 retweets 1 like
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