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Big 3 U.S. drug distributors, J&J reach landmark $26 billion opioid settlement

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Reuters

By Nate Raymond (Reuters) -A group of state attorneys general unveiled on Wednesday a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a deadly nationwide opioid epidemic. Under the settlement proposal, distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, while Johnson & Johnson would pay $5 billion. “There’s not enough money in the world frankly to address the pain and suffering,” said Connecticut Attorney General William Tong. He said th…

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