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Product Liability for the Top 10 Pharmaceutical Companies by Sales, 2016

The article entitled “With 100,000+ Product Liability Claims, Can Johnson & Johnson Be Trusted With COVID-19 Vaccine?” discusses the total product liability claims reported for the top 10 pharmaceutical companies by sales in 2016. Here are the sources for that information:

Fiercepharma.com published a report entitled “Top 15 pharma companies by 2016 revenue in March of 2017.”

https://www.fiercepharma.com/special-report/top-15-pharma-companies-by-2016-revenues

Sales figures and product liability figures are also available from each of the companies annual filings:

Johnson & Johnson

$71.9 billion in sales to customers
104,700 product liability claims
Source: 2016 10-K (page 72)
https://www.sec.gov/Archives/edgar/data/200406/000020040617000006/form10-k20170101.htm

Pfizer

$52.8 billion in revenue
56,000 product liability claims
Source: 2016 10-K
https://www.sec.gov/Archives/edgar/data/78003/000007800317000014/pfe-12312016x10kshell.htm

Roche

$49.7 billion in sales
3,500 product liability claims
Source: Financial Report 2016 (page 71)
https://www.roche.com/dam/jcr:6ddcec16-c658-48b2-82b5-4ed426c14ac8/en/fb16e.pdf

Novartis

$48.5 billion net sales
522 product liability claims
Source: 2016 Form 20-F (Page 14,15) and Novartis Annual Report 2016 (Page 216, 217)
https://www.sec.gov/Archives/edgar/data/1114448/000104746917000338/a2230622z20-f.htm
https://www.sec.gov/Archives/edgar/data/1114448/000137036817000006/a170125-99_1.htm

Merck & Co.

$39.8 billion total sales
6,756 product liability claims
Source: 2016 Form 10-K (page 99)
https://www.sec.gov/Archives/edgar/data/310158/000031015817000010/mrk1231201610k.htm

Sanofi

€ 33.8 billion net sales (calculated @$35.8 billion)
3,500 product liability claims
Source: Form 20-F (page 5)
https://www.sec.gov/Archives/edgar/data/1121404/000119312517069257/d245496d20f.htm

GlaxoSmithKline

£ $18.6 billion
438 product liability claims
Source: Form 20-F (page 3) and 2016 Annual Report (page 228)
https://www.sec.gov/Archives/edgar/data/1131399/000119312517087259/d317042d20f.htm
https://www.gsk.com/media/3609/annual-report-2016.pdf

Gilead Sciences

$30.4 billion total revenues
No product liability claims reported
Source: 2016 Form 10-K (page 89)
https://www.sec.gov/Archives/edgar/data/882095/000088209517000006/a2016form10-k.htm

AbbVie

$25.6 billion net revenue
4,856 product liability claims
Source: 2016 Form 10-K (90)
https://www.sec.gov/Archives/edgar/data/1551152/000155115217000004/abbv-12312016x10k.htm

Bayer

€46.8 billion Euros net sales ($49.2 billion)
22,800 product liability claims
Source: 2016 Annual Report (page 32)
http://www.annualreport2016.bayer.com/downloads.html

 

 Credo Watch asks the question: With more than 90,000 product liability claims, does Johnson & Johnson still deserve the reputation it earned in the mid-twentieth century? And does Johnson & Johnson still adhere to its famous Credo established in 1943?

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