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Drug companies say enough U.S. states join $26 billion opioid settlement to proceed

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Reuters

By Nate Raymond (Reuters) – Three large U.S. drug distributors and drugmaker Johnson & Johnson will proceed with a proposed $26 billion settlement resolving claims that they fueled the opioid epidemic after “enough” states joined in, the companies said on Saturday. The companies had until Saturday to decide whether enough states back the $21 billion proposed settlement with McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc and a $5 billion agreement with J&J. The distributors said 42 states, five territories and Washington, D.C., signed on to their agreement. The exact tally for J&…

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