Massive drug companies pursuing $50 billion deal to avoid opioid trial [MSNBC.com]
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Source: MSNBC.com
Massive drug companies pursuing $50 billion deal to avoid opioid trial The nation's three largest opioid distributors and two opioid manufacturers are in talks to settle the more than 2,000 lawsuits The possible settlement that would include $22 billion in cash and $29 billion in drugs and distribution, according to two people familiar with the talks. Those involved cautioned that talks are ongoing and the parameters of any deal are fluid. McKesson, Cardinal and Amerisouce Bergen Corp would give $18 billion to be used for treatment and prevention over 18 years. Johnson and Johnson would provide $4 billion. Teva Pharmaceutical would provide $29 billion worth of drugs as well as money to pay for the cost of distributing those drugs over 10 years. Teva makes buprenorphine, which is a drug used to treat opioid addiction. The negotiations on the plaintiffs side are being led by four state attorneys general from North Carolina, Pennsylvania, Tennessee and Texas. The talks between the plain
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