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Submitted via IRC for Runaway1956
Drug companies reach $260 million settlement, averting first federal opioid trial
Four large drug companies could resume talks on Tuesday to try to reach a $48 billion settlement of all opioid litigation against them, after agreeing with two Ohio counties to a $260 million deal to avert the first federal trial over their role in the U.S. opioid epidemic.
Drug distributors AmerisourceBergen Corp, Cardinal Health Inc and McKesson Corp and drugmaker Teva Pharmaceutical Industries Ltd agreed to the deal that removed the immediate threat of a trial that was to begin on Monday in Cleveland.
The parties could resume talks as soon as Tuesday aimed at a broader settlement of thousands of opioid lawsuits brought by states and local governments, according to Paul Hanly, an attorney for the towns and counties.
Under Monday's local settlement, the distributors, which handle around 90% of U.S. prescription drugs, will pay a combined $215 million immediately to Ohio's Cuyahoga and Summit counties that were plaintiffs in Monday's trial.
Israel-based Teva said it was paying $20 million in cash and will contribute $25 million worth of Suboxone, an opioid addiction treatment.
Teva, the world's largest maker of generic drugs, said it will make its contribution over three years.
[Ed Note - Since the time of submission it appears that most, if not all of the linked article has been revised with no indication that one or more updates have been made.]
(Score: 2) by Gaaark on Wednesday October 23 2019, @02:20AM (1 child)
"Driving the Purdues into destitution just of the sake of "justice" surely doesn't solve the problem they created in the first place."
No...they should go to jail, too. That's what happens with drug pushers on the street. It won't solve the problem but it would be a start. Far too many rich people get slaps on the wrist while poor people get jail time.
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(Score: 2) by c0lo on Wednesday October 23 2019, @02:37AM
Did I say otherwise.
Are you sure it won't be an end actually, with no attempt to do more to solve the problem?
Show me you considered "and then... what" and I'll retract the 'accusation' of 'intellectual shortcut in action'.
Because, sure as death and taxes, Runaway's
is a honest admission of abdication from thinking (in a thread misleadingly titled "initial thought").
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford