addiction recovery ebulletin drug company deal
Oct. 16, 2019 – The possible settlement that would include $22 billion in cash and $29 billion in drugs and distribution, according to two people familiar with the talks. Those involved cautioned that talks are ongoing and the parameters of any deal are fluid.
McKesson, Cardinal Health and Amerisouce Bergen Corp would give $18 billion to be used for treatment and prevention over 18 years. Johnson and Johnson would provide $4 billion. Teva Pharmaceutical would provide $29 billion worth of drugs as well as money to pay for the cost of distributing those drugs over 10 years. Teva makes buprenorphine, which is a drug used to treat opioid addiction.
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