Drug firms offer to settle U.S. opioid suits with $50 billion package - sources

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Drug firms offer to settle U.S. opioid suits with $50 billion package - sources
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Five drugmakers and distributors are offering $22 billion in cash as well as dru...

Teva Pharmaceutical Industries Ltd has offered to give away medications it values at $15 billion as part of the deal and provide distribution services it values in the billions, one of the people said.

The negotiations are being led by the attorneys general for Texas, Tennessee, North Carolina and Pennsylvania, one person said. The distributors, accused of failing to halt and report suspicious drug orders, are pushing for a settlement to be agreed to before the trial begins Monday, one source said. The second source added that a sticking point was compensation for lawyers who typically are paid a percentage of settlements and represent many of the state and local plaintiffs.

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