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Nationwide Opioid Settlement May Provide Path For Other Manufacturers

 
• By Brenda Sandburg

J&J and distributors have enough participation from states and subdivisions to move forward with $26bn settlement. The deal, the second largest in US history, may provide a framework for other companies to reach similar agreements. Jury trials remain pending in several states.

Opioid epidemic
Majority of US states agree to nationwide opioid setttlement with Johnson & Johnson and three distributors • Source: Alamy

The nationwide opioid settlement that Johnson & Johnson and the three largest US distributors reached with the bulk of states, cities and counties is a big step toward resolving the massive litigation that has engulfed the industry for the past decade. It also provides a path forward for other companies, including Teva Pharmaceuticals USA Inc. and Endo International plc, who are negotiating their own agreements.

AmerisourceBergen Corporation., Cardinal Health, Inc., and McKesson Corp. announced on 25 February that there is sufficient participation by states and litigating political subdivisions to proceed with a settlement to provide up to approximately $19

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