New York, drug distributors reach $1.18 billion opioid settlement as national deal looms

(Removes extra word from name of firm in paragraph 11) By Brendan Pierson and Nate Raymond NEW YORK (Reuters) –The three largest U.S. drug distributors agreed mid-trial to pay up to $1.18 billion to settle claims by New York state and two of its biggest counties over their role in the nationwide opioid epidemic, the state’s attorney general said on Tuesday.

McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp settled as state attorneys general prepare to announce as soon as this week a landmark $26 billion deal with the distributors and drugmaker Johnson & Johnson resolving cases nati…

Read More