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kevinong96
2021-07-20

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$26 Billion Opioid Settlement Among States and Drug Industry Expected This Week

Thousands of opioid-crisis lawsuits filed against major drugmakers and distributors are nearing a co

$26 Billion Opioid Settlement Among States and Drug Industry Expected This Week

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boonk
·2021-07-20
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From 1999 to 2019, the nation lost nearly half a million people to overdoses of prescription and illegal opioids, according to federal data.</p>\n<p>Under the contours of the deal, states and municipalities still have several months to sign on, and the amount ultimately paid will depend on how many participate, the people familiar with the talks said. The companies can also still walk away if they aren’t satisfied with the number of states and governments that join, the people said.</p>\n<p><a href=\"https://laohu8.com/S/NYRT\">New York</a>, meanwhile, has struck a more than $1 billion deal with AmerisourceBergen, <a href=\"https://laohu8.com/S/CFNL\">Cardinal</a> and McKesson midway through a trial against those companies and four other pharmaceutical firms,&nbsp; some of the people said. That deal is expected to be announced Tuesday, they said, and would remove AmerisourceBergen, Cardinal and McKesson from the trial.</p>\n<p>Johnson &amp; Johnson already settled with <a href=\"https://laohu8.com/S/NGD\">New</a> York for $263 million ahead of the trial.</p>\n<p>The larger settlement, if finalized, would remove an albatross for companies that for years have faced allegations from plaintiffs’ lawyers, families and governments that they played a role in sparking and expanding opioid addiction. Uncertainty over the litigation has weighed down some companies’ stocks. Questions about resolving the lawsuits have dogged executives on earnings calls and at investor conferences and resulted in chief executives testifying before Congress.</p>\n<p>Bloomberg <a href=\"https://laohu8.com/S/NWS\">News</a> reported the timing of the $26 billion settlement Monday evening.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>$26 Billion Opioid Settlement Among States and Drug Industry Expected This Week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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From 1999 to 2019, the nation lost nearly half a million people to overdoses of prescription and illegal opioids, according to federal data.\nUnder the contours of the deal, states and municipalities still have several months to sign on, and the amount ultimately paid will depend on how many participate, the people familiar with the talks said. The companies can also still walk away if they aren’t satisfied with the number of states and governments that join, the people said.\nNew York, meanwhile, has struck a more than $1 billion deal with AmerisourceBergen, Cardinal and McKesson midway through a trial against those companies and four other pharmaceutical firms,  some of the people said. That deal is expected to be announced Tuesday, they said, and would remove AmerisourceBergen, Cardinal and McKesson from the trial.\nJohnson & Johnson already settled with New York for $263 million ahead of the trial.\nThe larger settlement, if finalized, would remove an albatross for companies that for years have faced allegations from plaintiffs’ lawyers, families and governments that they played a role in sparking and expanding opioid addiction. Uncertainty over the litigation has weighed down some companies’ stocks. Questions about resolving the lawsuits have dogged executives on earnings calls and at investor conferences and resulted in chief executives testifying before Congress.\nBloomberg News reported the timing of the $26 billion settlement Monday evening.","news_type":1},"isVote":1,"tweetType":1,"viewCount":140,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":5268763,"commentId":"5268763","gmtCreate":1626749775260,"gmtModify":1663231196953,"authorId":3580955744929134,"author":{"id":3580955744929134,"idStr":"3580955744929134","authorId":3580955744929134,"name":"boonk","avatar":"https://static.tigerbbs.com/6e58310c6a80ddfbcb69e0989cda7858","vip":1,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":171536291,"objectIdStr":"171536291","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Buy now?","text":"Buy now?","html":"Buy now?","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}