Articles of Interest

Four drug companies reach last-minute $260 million opioid settlement

Pat on the Head – Good Dogs –

OCT. 21 2019 – Four large drug companies reached a last-minute $260 million legal settlement on Monday over their role in the U.S. opioid addiction epidemic, striking a deal with two Ohio counties to avert the first federal trial over the crisis. However, drug distributors AmerisourceBergen, Cardinal Health and McKesson and drugmaker Teva Pharmaceutical fell short of a wider deal worth tens of billions of dollars to end all opioid litigation against them. The distributors, which handle around 90% of U.S. prescription drugs, will pay a combined $215 million immediately. Israel-based drugmaker Teva is paying $20 million in cash and will contribute $25 million worth of Suboxone, an opioid addiction treatment, according to Hunter Shkolnik, an attorney for the counties.

Full Story @CNBC

Leonard Buschel

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Leonard Buschel

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