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Benzinga
Benzinga
Technology
Vandana Singh

Washington, Drug Distributors Reach $518M Settlement For Opioid Claims

NYSE MCK McKesson Washington D.C. AmerisourceBergen Cardinal Health JNJ AmerisourceBergen Corp CAH Cardinal Health Inc
  • Washington has reached a $518 million settlement with drug distributors McKesson Corporation (NYSE:MCK), AmerisourceBergen Corp (NYSE:ABC), and Cardinal Health Inc (NYSE:CAH) to resolve opioid-related claims.
  • Washington opted out of a $26 billion nationwide opioid settlement involving the three drug distributors and Johnson & Johnson (NYSE:JNJ).
  • Reuters writes that it would have received up to $417.9 million from McKesson, Cardinal Health, and AmerisourceBergen under that settlement finalized in February.
  • Also Read: JNJ, McKesson, Endo Settle $275M Opioid Claims With Alabama: Reuters.
  • The state had accused the drug distributors of failing to prevent prescription pills from being diverted for illegal use. It had sought $38.2 billion to fund treatment.
  • Photo by Diamond Rehab Thailand via Pixaby
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