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SOM - Michigan Formally Joins Historic Opioid Settlement
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AG - Michigan Formally Joins Historic Opioid Settlement
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Attorney General Cameron announces $26 billion agreement with opioid distributors and manufacturer
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Compliance ramifications of proposed $26B opioid deal for pharma industry
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Delaware Attorney General Kathy Jennings announced a historic $26 billion settlement with the nationâs three major pharmaceutical distributors and one of its largest opioid manufacturers, which she said will help bring desperately needed relief to those struggling with opioid addiction.
The agreement resolves investigations and litigation over the role that Johnson & Johnson, Cardinal, McKesson and AmerisourceBergen played in creating and accelerating the opioid crisis, Jennings said.
Delaware stands to receive more than $100 million from the settlement â a sum second only to the tobacco master settlement agreement â over the course of 17 years, with $20 million coming to Delaware in the first year. The settlement will resolve claims against the three distributors in Delawareâs pending opioid lawsuit, though claims against other defendants â including Purdue Pharma, Endo Pharmaceuticals and Walgreens â remain ongoing.