Washoe District Court Judge Robert Perry has reduced the recent landmark jury award against pharmaceutical giant Wyeth arising from Wyeth's development and marketing of Prempro.

Judge Perry cut the award from $134 million to $58 million. $23 million is allocated toward compensatory damages and $35 million is punitive damages. Wyeth wanted the Judge to reduce the total award to $4 million.

Wyeth is up against 5300 similar lawsuits throughout the United States.

It will be interesting to see what the Nevada Supreme Court has to say about this case since it is almost certainly bound for full appeal.