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Drug companies, US states reach $26 billion settlement over opioid crisis

Drug companies, US states reach $26 billion settlement over opioid crisis Issued on: 22/07/2021 - 01:25 The opioids epidemic in the United States has caused more than 500,000 deaths in the last 20 years © Eric Baradat, AFP/File 4 min Prosecutors from several US states on Wednesday unveiled a sweeping proposed settlement under which four pharmaceutical companies accused of fueling the country’s opioid epidemic would pay up to $26 billion to resolve thousands of claims in federal and state courts. Advertising Read more Under the proposed agreement, three drug distributors McKesson, Cardinal Health and Amerisource Bergen along with drugmaker Johnson & Johnson, would pay to resolve some 4,000 claims as well as finance prevention and treatment programs, said New York Attorney General Letitia James.

State AGs Unveil Landmark $26 Billion Opioid Settlement

State AGs Unveil Landmark $26 Billion Opioid Settlement A group of state attorneys general unveiled on Wednesday a landmark $26 billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local governments. Under the settlement proposal, the three largest U.S. drug distributors, McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp, are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson (J&J) would pay $5 billion. “There’s not enough money in the world, frankly, to address the pain and suffering,” said Connecticut Attorney General William Tong, adding that the money will “help where help is needed.”

Four drug firms agree to pay $26bn in proposed US opioid settlement

Four drug firms agree to pay $26bn in proposed US opioid settlement published : 22 Jul 2021 at 07:45 The opioids epidemic in the United States has caused more than 500,000 deaths in the last 20 years. NEW YORK: Prosecutors from several US states on Wednesday unveiled a sweeping proposed settlement under which four pharmaceutical companies accused of fueling the country s opioid epidemic would pay up to $26 billion to resolve thousands of claims in federal and state courts. Under the proposed agreement, three drug distributors McKesson, Cardinal Health and Amerisource Bergen along with drugmaker Johnson & Johnson, would pay to resolve some 4,000 claims as well as finance prevention and treatment programs, said New York Attorney General Letitia James.

State AGs Urge Support for Landmark $26 Bln Opioid Settlement

State AGs Urge Support for Landmark $26 Bln Opioid Settlement
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Four health care giants including Johnson & Johnson reach $26 BILLION deal to end opioid lawsuits

Four health care giants including Johnson & Johnson reach $26 BILLION deal to end opioid lawsuits
dailymail.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymail.co.uk Daily Mail and Mail on Sunday newspapers.

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