State AGs urge support for landmark $26 billion opioid settlement [Reuters]
AmerisourceBergen Corporation (ABC)
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Source: Reuters
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. July 21 (Reuters) - 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 U.S. drug distributors, McKesson Corp (MCK.N) , Cardinal Health Inc (CAH.N) and AmerisourceBergen Corp (ABC.N) , are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson (JNJ.N) would pay $5 billion. "There's not enough money in the world, frankly, to address the pain and suffering," said Connecticut Attorney General William Tong, adding that the money will "help where help is needed.
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