A Historic Gold Announcement Is About to Rock Wall Street

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

Johnson & Johnson-Spin Off Kenvue Wins Lawsuit Over Pain Killer Tylenol 'Rapid Release' Gelcaps

Vandana Singh
August 30, 2024

Kenvue Inc. (NYSE:KVUE), the maker of Tylenol, has reportedly defended itself against a lawsuit in which consumers claimed being misled into overpaying for “Rapid Release” gelcaps, arguing that these gelcaps did not relieve pain any faster than less expensive Tylenol tablets.

The drug is used to treat mild to moderate pain and to reduce fever.

The lawsuit hinged on a 2018 study indicating that the gelcaps took slightly longer to dissolve—3.94 minutes compared to 3.56 minutes for regular tablets.

Also Read: Listerine-Maker Kenvue’s Stock Soars On Strong Q2 Sales From Its Essential Health Unit, Reaffirms Annual Guidance.

Citing a ruling issued on Tuesday, Reuters noted that U.S. District Judge Andrew Carter in Manhattan sided with Kenvue, determining that the consumers’ claims were preempted by the federal Food, Drug, & Cosmetic Act (FDCA).

Judge Carter emphasized that ignoring the FDA’s labeling regulations for “immediate release” acetaminophen products would be illogical because the agency did not use the term “rapid release.”

The judge further noted that similar rulings have been made in other cases, such as those against grocer Albertsons Companies, Inc. (NYSE:ACI) and pharmacy chain Rite Aid Corp (OTC:RADCQ).

Carter argued that to disregard the FDA’s regulation of acetaminophen dissolution rates on the basis of marketing or pricing strategies would undermine the FDCA’s express preemption clause.

This decision reflects a consistent judicial approach to interpreting FDA guidelines, reinforcing the agency’s authority to regulate drug labeling and marketing.

Kenvue was formerly a part of Johnson & Johnson (NYSE:JNJ) before becoming an independent company in August 2023.

Price Action: KVUE stock is up 0.18% at $21.79 at last check Friday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Read Next:

  • Tesla’s Chinese Rival BYD Reportedly Unveils Xia MPV: New Model Series Aims to Spice Up Auto Show, Expand Market Reach.

Photo Courtesy: FOOD PHOTO STOCK / Shutterstock.com

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