Business Standard

4 drug companies agree to pay $26 bn to resolve opioid suits

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A group of state attorneys general unveiled on Wednesday a landmark $26-billion settlement with large drug companies for allegedly fueling the deadly nationwide opioid epidemic, but the deal still requires support from thousands of local government­s. Under the settlement proposal, the three largest US drug distributo­rs — Mckesson Corp, Cardinal Health and Amerisourc­ebergen — are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson would pay $5 billion.

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