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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: 1) by Sally_G on Wednesday October 23 2019, @07:49AM (3 children)
In that initial post, there seems to have been a tacit approval of the agreement under discussion. It would seem that the assumption of responsibility, and funding of existing solutions, satisfies his sense of justice, for these companies. Purdue is to be held to a higher standard, due to his perception of greater responsibilities. That is how I read his post. We would need Runaway to comment here to verify any of that.
More some other day!
(Score: 2) by c0lo on Wednesday October 23 2019, @08:34AM (1 child)
Well, I'm don't have telepathic abilities and English is not my primary language.
Too many "seems" and too much "reading between the lines" for me, so I do what I can and I don't infer implicit meanings when not explicitly stated.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 2) by Runaway1956 on Wednesday October 23 2019, @01:59PM
That's alright c0lo - we can't all be lucky enough to grow up in an English speaking country.
(Score: 2) by Runaway1956 on Wednesday October 23 2019, @01:58PM
There is less "tacit approval" in my post, than there is "tacit acceptance". I don't really like it, so I'm not in approval. But, I do recognize that the settlement approaches something like justice, and I'll have to accept that it's the best we're going to get.