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$26B opioid settlement reached

Baton Rouge Business Report


Three of the largest pharmaceutical distributors and drugmaker Johnson & Johnson today agreed to a $26 billion settlement with several states, including Louisiana, that will resolve thousands of lawsuits over their roles in the opioid epidemic.


McKesson Corp., AmerisourceBergen Corp. and Cardinal Health Inc., along with drugmaker Johnson & Johnson, have been negotiating the deal for more than two years, and earlier this week an agreement was reported to be near.


Today’s announcement from the attorneys general of Louisiana, Tennessee, North Carolina, Pennsylvania, New York, Delaware and Connecticut signifies an important milestone that could clear the way for money to be received by states as soon as early next year, The Wall Street Journal reports. Continue Reading