Twenty-one states are rejecting an $18-billion offer by McKesson and other opioid distributors to resolve nationwide litigation over their handling of the highly addictive painkillers.
Twenty-one states are rejecting an $18-billion offer by McKesson Corp. and other opioid distributors to resolve nationwide litigation over their handling of the highly addictive painkillers, according to people familiar with the talks.
“McKesson is focused on finalizing a global settlement structure that would serve as the best path forward to provide billions of dollars in immediate funding and relief to states and local communities,” David Matthews, a spokesman for the San Francisco-based company, said in a statement.
As part of that offer, Johnson & Johnson — which at one time produced poppies, the raw ingredient in opioids — would pay $4 billion to resolve suits against it. Another opioid maker, Teva Pharmaceutical Industries Inc., would donate $23 billion worth of the generic addiction-fighting drug Suboxone and pay $250 million in cash over 10 years, to end litigation.Drugmakers are accused of pushing opioid prescriptions on doctors across the U.S.
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