Drugmakers Endo, Allergan agree to $15 million in settlements in major opioid case [Reuters (UK)]
Endo International plc - Ordinary Shares (ENDP)
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Source: Reuters
Drugmakers Endo, Allergan agree to $15 million in settlements in major opioid case - Reuters 3 Min Read (Reuters) - Endo International Plc ( ENDP.O ) and Allergan Plc ( AGN.N ) have agreed to pay $15 million to avoid going to trial in October in a landmark case by two Ohio counties accusing various drug manufacturers and distributors of fueling the U.S. opioid epidemic. The tentative deals disclosed on Tuesday came ahead of the first trial to result from 2,000 lawsuits pending in federal court in Cleveland largely by local governments seeking to hold drug companies responsible for the deadly epidemic. Endo announced said it had reached an agreement-in-principle to pay Cuyahoga and Summit counties $10 million to and provide them up to $1 million worth of two of its of its drug products free of charge. Allergan has tentatively agreed to pay $5 million to resolve claims involving its branded opioids, though the deal does not resolve claims involving generic painkillers, said Frank Ga
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