McKesson, Cardinal, AmerisourceBergen could be on hook for $21B opioid settlement

Maia Anderson –
Wednesday, November 4th, 2020

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McKesson, Cardinal Health and AmerisourceBergen may need to pony up $21 billion to settle countless opioid suits, The Hill reported Nov. 3..

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The lawsuits accuse the 3 pharma giants of deceptively marketing opioids and overlooking caution signs that opioids were being diverted for unsuitable use, according to The Hill..

In its quarterly report, Mckesson said it might pay about $8 billion of the overall settlement over the next 18 years. The company was initially set to pay $6.68 billion in a settlement structure proposed last year..

Last October, the 3 business proposed a combined $18 billion settlement to resolve about 3,200 suits, Johnson & & Johnson had actually likewise consented to pay an additional $4 billion, but after pushback from regional and state federal governments, the drugmaker in October accepted pay $5 billion..

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McKesson stated settlement negotiations are continuous, The Hill reported..