Drug firms offer to settle U.S. opioid suits with $50 billion package - sources [Reuters]
McKesson Corporation (MCK)
Last mckesson corporation earnings: 2/4 07:00 am
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Source: Reuters
Drug firms offer to settle U.S. opioid suits with $50 billion package - sources - Reuters 3 Min Read (Reuters) - Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value at $28 billion to resolve lawsuits alleging the industry helped fuel the U.S. opioid crisis, two sources familiar with the matter told Reuters on Wednesday. The drug industry faces roughly 2,600 lawsuits brought by state and local governments, hospitals and other entities seeking to hold drugmakers and distributors responsible for the toll of opioid abuse. Local governments seek funds to cover costs of services in their communities. Distributors McKesson Corp ( MCK.N ), AmerisourceBergen Corp ( ABC.N ) and Cardinal Health ( CAH.N ) have offered to pay $18 billion in cash over 18 years, while drug maker Johnson & Johnson ( JNJ.N ) would pay $4 billion in cash, two people familiar with the matter said. Teva Pharmaceutical Industries Ltd ( TEVA.TA ) has offered
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MCK
News
- Earnings Preview: McKesson (MCK) Q4 Earnings Expected to Decline [Yahoo! Finance]Yahoo! Finance
- McKesson Co. (NYSE: MCK) had its price target raised by analysts at Citigroup Inc. from $575.00 to $620.00. They now have a "buy" rating on the stock.MarketBeat
- McKesson: Time To Get More Cautious [Seeking Alpha]Seeking Alpha
- Institutional investors are McKesson Corporation's (NYSE:MCK) biggest bettors and were rewarded after last week's US$2.4b market cap gain [Yahoo! Finance]Yahoo! Finance
- McKesson (MCK) Rises But Trails Market: What Investors Should Know [Yahoo! Finance]Yahoo! Finance
MCK
Earnings
- 2/7/24 - Beat
MCK
Sec Filings
- 3/18/24 - Form 4
- 3/15/24 - Form 144
- 3/5/24 - Form 4
- MCK's page on the SEC website