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US drug firms agree to $1.18 bn opioid settlement in New York

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New York (AFP) – The three largest US drug distributors have agreed to pay up to $1.18 billion to the state of New York over their role in the opioid crisis, the state’s top prosecutor announced Tuesday.  The settlement by McKesson, Cardinal Health and Amerisource Bergen comes as another, larger settlement between the three distributors plus pharmaceutical giant Johnson & Johnson and numerous US states and local governments is reportedly close to being reached, according to US media. That settlement, in the works since October 2019, could be as high as $26 billion, according to anonymous sourc…

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