UPDATE 2-Drugmakers Endo, Allergan agree to $15 mln in settlements in major opioid case [Reuters]
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) - Endo International Plc ( ENDP.O AGN.N 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 Gallucci, a lawyer for Cuyahoga County. Allergan did not respond to requests for comment. The accords are the first to result from the counties’ cases, which were selected for the first bellwether, or test, trial in the litigation to allow partie
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