The inventor of Narcan, the nasal spray that can reverse an opioid overdose, said the decision by an Oklahoma judge to hold Johnson & Johnson responsible for fueling the state's opioid crisis is a major step in the nation's effort to combat the epidemic.
While the $570 million judgment was a fraction of the $17 billion requested by the state, Dr. Roger Crystal said that it illustrates "that the states are taking this crisis very seriously."
Narcan, which administers naloxone, blocks opioid receptor sites in a person's nervous system and can reverse the effects of an overdose — if administered quickly enough.
The nasal spray was first approved by the federal Food and Drug Administration in November 2015. Since then, the product has been used countless times to reverse overdoses from opioids, which include drugs such as oxycodone, hydrocodone, morphine, and illegal fentanyl, among others.
<i>The opioid epidemic in 2017 by the numbers. Credit: U.S. Department of Health and Human Services</i>
Each dose costs roughly $37, which, Crystal said is "totally appropriate" for a drug that can save a life. Still, roughly 130 people die everyday from opioid overdoses, according to government estimates.
The Johnson & Johnson decision is a "recognition of a serious opioid crisis," Crystal said, adding that opioids have "been the biggest killer of young Americans."
Crystal added, however, that while opioid manufacturers have "significantly contributed" to the crisis, addressing the issue will require a broader restructuring of how painkillers are prescribed and how doctors approach pain management.
Monday's court ruling also coincides with International Overdose Awareness Day, which is observed every year on August 31.
While many are excited to watch the final two NFL teams square-off and see which one ultimately takes home the trophy, some, on the other hand, are there for another mian attraction -- the commercials. Companies during this year's game are looking towards the future From electric vehicles, to robots, and crypto-currency, several first-time advertisers are expected to join long-time advertisers like Pepsi, Budweiser and Doritos during the NFL's biggest game. Tom Morton, Global Chief Strategy Officer at R/GA, joined Cheddar News' Big Game Special to discuss.
Americans are expected to spend nearly $24 billion in 2022 for Valentine's Day, and many of those gifts will be in the form of chocolate. John Galloway, interim president of the Americas and CMO of Godiva, joined Cheddar's Opening Bell to discuss what chocolate trends the brand is seeing this year, plus the impact of inflation and supply chain issues on the industry.
New York City's famous subway system is currently facing scrutiny after several recent attacks on platforms. Now, local leaders in the Big Apple are calling on the MTA. To step in and take action.
New York City ride-hailing app drivers are about to get a pay raise. According to the city's Mayor Eric Adams, New York will increase its minimum driver pay rate for both Uber and Lyft drivers. This means both platforms would now be required to pay their drivers a minimum of $1.61 cents per mile and about 0.50 cents per minute. Ultimately, the move would give riders at least a 5.3% race. New York City Comptroller Brad Lander, joined Cheddar to discuss more.
Tensions in Ukraine continue to rise. According to NATO and U.S. officials, Russian troops are still being built up despite Moscow's claims of de-escalation. However, Ukraine does not believe the troops are enough to mount an invasion. The government in Kyiv has also reported several cyber attacks against its defense agencies and banks which is the largest attack in the country's history. Foreign Affairs Reporter based in Ukrain, Terrell Starr, joined Cheddar to discuss more