The deal echoes one that the companies have been pushing, sometimes in public, for two years.
Johnson & Johnson reiterated in a statement that it’s prepared to contribute up to $5 billion to the national settlement. There continues to be progress toward finalizing this agreement and we remain committed to providing certainty for involved parties and critical assistance for families and communities in need, the company said. “ The settlement is not an admission of liability or wrongdoing, and the Company will continue to defend against any litigation that the final agreement does not resolve.
But Cardinal Health declined to comment early Tuesday, and the other distribution companies did not respond to requests for comment.
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FILE - This Aug. 29, 2018, file photo shows an arrangement of Oxycodone pills in New York. A $26 billion settlement between the three biggest U.S. drug distribution companies and drugmaker Johnson & Johnson and thousands of states and municipalities that sued over the toll of the opioid crisis is certainly significant, but it is far from tying a neat bow on the tangle of still unresolved lawsuits surrounding the epidemic.
Mark Lennihan
FILE - In this Feb. 24, 2021, file photo, Johnson & Johnson logo appears on the exterior of a first aid kit in Walpole, Mass. A $26 billion settlement between the three biggest U.S. drug distribution companies and drugmaker Johnson & Johnson and thousands of states and municipalities that sued over the toll of the opioid crisis is certainly significant, but it is far from tying a neat bow on the tangle of still unresolved lawsuits surrounding the epidemic.
US opioid lawsuits on verge of settlements with 4 companies - World News castanet.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from castanet.net Daily Mail and Mail on Sunday newspapers.
4 companies on verge of settling $26B deal in lawsuits over toll of opioid prescriptions
By Geoff Mulvihill
Drug overdoses hit all time high during COVID-19 pandemic
Overdose deaths soared to a record 93,000 last year in the midst of the COVID-19 pandemic, the U.S. government reported. That estimate far eclipses the high of about 72,000 drug overdose deaths reached the previous year and amounts to a 29% increase. LiveNOW From FOX s Mike Pache speaks with FOX News Medical Correspondent, Dr. Nicole Saphier on the issues beyond the virus.
NEW YORK (AP) - The yearslong effort by state and local governments in the U.S. to force the pharmaceutical industry to help pay to fix a nationwide opioid addiction and overdose crisis took a major step forward Tuesday when lawyers for local governments announced they were on the verge of a $26 billion settlement with the nation s three biggest drug distribution companies and the drugmaker Johnson & Johnson.
$1 1 billion opioid settlement encourages New York to appease other gov t plaintiffs - and their private lawyers legalnewsline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from legalnewsline.com Daily Mail and Mail on Sunday newspapers.