U.S. state officials urge support for landmark $26 bln opioid settlement [Financial Post (Toronto, Ontario, Canada)]
AmerisourceBergen Corporation (ABC)
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Source: Financial Post
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, Cardinal Health Inc and AmerisourceBergen Corp — are expected to pay a combined $21 billion, while drugmaker Johnson & Johnson would pay $5 billion. How and when to watch the Tokyo Olympics: Week One Advertisement Advertisement Article content The money is expected to be used on addiction treatment, family support, education and other social programs. “There's not enough money in the world, frankly, to address the pain and suffering,” said Connecticut Attorney General William Tong, but added that the money will “help where help is needed.” The deal represents the second-largest cash settlement ever, trailing only the $246 billion tobacco agreement in 1998. Attorneys general from 15 states were involved in negotiating the deal, as were lead lawyers for lo
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