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News We’re Watching: $1B Judgement Against J&J Recalls For Abbott, Baxter, More; Karl Storz Announces Fujifilm Partnership

 
• By Natasha Barrow, Brian Bossetta, and Elizabeth Orr

This week, a Delaware court awarded Auris Health shareholders $1bn in a lawsuit against Johnson & Johnson; Abbott recalled some FreeStyle Libre 3 sensors; and McKesson purchased a controlling interest in a Florida cancer care chain.

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• Source: Medtech Insight

Johnson & Johnson owes $1bn to Auris Health, Inc. shareholders for breaching the terms of its 2019 acquisition of the robotics developer, the Delaware Court of Chancery ruled on 4 September.

J&J paid $3.4bn upfront to purchase Auris and committed to pay as much as $2.4bn more as milestones were met with Auris technology. However, the medtech giant reportedly failed to support Auris’ iPlatform per the terms of the agreement

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• By Brian Bossetta, Marion Webb, Elizabeth Orr, and Natasha Barrow

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