21 states reject opioid makers’ settlement offer of $18 billion over 18 years

  • 📰 latimes
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 82%

United States Headlines News

United States Latest News,United States Headlines

Twenty-one states are rejecting an $18-billion offer by McKesson and other opioid distributors to resolve nationwide litigation over their handling of the highly addictive painkillers.

Twenty-one states are rejecting an $18-billion offer by McKesson Corp. and other opioid distributors to resolve nationwide litigation over their handling of the highly addictive painkillers, according to people familiar with the talks.

“McKesson is focused on finalizing a global settlement structure that would serve as the best path forward to provide billions of dollars in immediate funding and relief to states and local communities,” David Matthews, a spokesman for the San Francisco-based company, said in a statement.

As part of that offer, Johnson & Johnson — which at one time produced poppies, the raw ingredient in opioids — would pay $4 billion to resolve suits against it. Another opioid maker, Teva Pharmaceutical Industries Inc., would donate $23 billion worth of the generic addiction-fighting drug Suboxone and pay $250 million in cash over 10 years, to end litigation.Drugmakers are accused of pushing opioid prescriptions on doctors across the U.S.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

1.) White ppl don't even have to prove opioid reparations should be payed. They start at negotiations. Blc ppl are still trying to convince ppl that reparations for slavery, mass incarceration, jim crow, CIA crack drops were a thing deserving of reparations. Shameless

As the Pharmaceutical *joke* goes ... 'someone dying from consuming pharma, is only the 2nd worst thing that could happen (because we always pay the fine) ... ... imagine actually curing somebody!?' .

Do better Harvard

Good. They knew exactly what they were doing. They did it for money. Pay the 18B up front. They should suffer like those who died from their product.

They made more money than 18 billion through opioid sales

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WSJ News Exclusive | 21 States Reject $18 Billion Offer From Drug Wholesalers to Settle Opioid LitigationAn $18 billion settlement offer from three major drug wholesalers to resolve litigation over the opioid crisis has fallen apart, after more than 20 state attorneys general rejected it in a letter earlier this week. Drain this swamp Although the drug companies and physicians played their role with this epidemic, the person that chose to abuse this drug is accountable as well Good. Dissolve the company and sell its off piece by piece to be paid to the victims. Lock up the CEO next to Ep Chapo too
Source: WSJ - 🏆 98. / 63 Read more »

Nascar’s Highest-Paid Drivers 2020: Kyle Busch Takes The Lead With $18 Million As Salaries StallThe ten highest-paid Nascar drivers earned an estimated $120 million last year, $60 million less than the top drivers a decade ago. kbadenhausen 🔥🔥🔥🔥🔥 kbadenhausen Martin Truex Jr. is the 5th highest-paid Nascar driver with total earnings of $11.6 million kbadenhausen Aaaaaaaaannnnnndd ... all the M&M's you can eat. 😊
Source: Forbes - 🏆 394. / 53 Read more »

Avalanches in Afghanistan kill 21 peopleAt least seven people remain missing following Thursday's avalanches in central Daykundi province, a local official said. The fatalities bring the death toll from avalanches and flash floods in the country in the past two months to 72.
Source: trtworld - 🏆 101. / 63 Read more »

Judge to approve Forever 21 sale that ends founders’ controlA bankruptcy judge on Tuesday said he would approve the sale of Forever 21 to its two largest landlords.
Source: latimes - 🏆 11. / 82 Read more »

China's Hubei province asks firms not to resume work until Feb 21China's Hubei province, the epicenter of the country's coronavirus out...
Source: Reuters - 🏆 2. / 97 Read more »

21 Sweet Photos of Gabrielle Union & Dwyane Wade's Family That Prove They're #FamilyGoalsUnion is stepmom to Wade's three children, and the pair share daughter Kaavia James Beautiful family
Source: people - 🏆 712. / 51 Read more »