Salem Radio Network News Monday, August 2, 2021

Health

Drug distributors, J&J to announce $26 billion opioid settlement this week – source

BOSTON (Reuters) – U.S. state attorneys general and lawyers for local governments are expected on Wednesday to unveil a landmark, $26 billion settlement resolving claims that the three largest U.S. drug distributors and drugmaker Johnson & Johnson helped fuel a nationwide opioid epidemic, a person familiar with the matter said.

Under the settlement proposal, distributors McKesson Corp, Cardinal Health Inc and AmerisourceBergen Corp are expected to pay a combined $21 billion, wh ile Johnson & Johnson would pay $5 billion.

(Reporting by Nate Raymond in Boston; Editing by Sandra Maler)

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