Drug distributors, J&J to announce $26 bln opioid settlement this week - source-To The Moon - Tiger Brokers Online Investing Community

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Drug distributors, J&J to announce $26 bln opioid settlement this week - source

Reuters2021-07-20

BOSTON, July 19 (Reuters) - U.S. state attorneys general and lawyers for local governments are expected on Wednesday to unveil a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a nationwide opioid epidemic, a person familiar with the matter said.

Under the settlement proposal, distributors McKesson Corp

, Cardinal Health Inc and AmerisourceBergen Corp

are expected to pay a combined $21 billion, while Johnson & Johnson would pay $5 billion.

(Reporting by Nate Raymond in Boston; Editing by Sandra Maler)

((Nate.Raymond@thomsonreuters.com and Twitter @nateraymond; + 1 347-243-6917; Reuters Messaging: nate.raymond.thomsonreuters.com@reuters.net))

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catchatee
·2021-07-20
J & J seems to generate mostly bad news, tainted by a scandal related to its talcum-based baby power, covid vaccine can develope blood clots, why others are generating income from vaccination, they are busy with court case?
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Johnleong
·2021-07-20
Wow
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