Drug companies are considering an $18 billion settlement in the opioid epidemic — an announcement that comes just one week before a major trial is set to start in Ohio
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Three major pharmaceutical companies, McKesson, AmerisourceBergen, and Cardinal Health, are considering an $18 billion settlement to end the myriad lawsuits over their role in perpetuating the opioid crisis,As it stands now, the settlement would prompt the three companies to pay out $18 billion over 18 years, and it’s possible a final version would include contributions from other companies, including Johnson & Johnson. It’s unclear exactly how the money would be distributed and to where.
News of the possible settlement comes ahead of the scheduled October 21st start date for a critical trial in Cleveland, in which two Ohio counties have sued not only McKesson, Cardinal Health, and AmerisourceBergen, but also Walgreens, the drugmaker Teva Pharmaceutical, and others. The case is expected to be a bellwether for future trials across the country, though, as
notes, the judge overseeing the trial has pushed for an unprecedented “global settlement” that would encompass all litigation related to the opioid crisis.
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