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Drug Companies Ready To Settle Opioid Claims

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Drug Companies Ready To Settle Opioid Claims For $18 Billion

Opioid Claims To Be Settled

It has been reported that three major drug companies are in talks with State & Municipal Governments to settle opioid claims. These claims, along with other related cases, are looking at an $18 billion settlement over 18 years.

The Wall Street Journal reported that McKesson, AmerisourceBergen, and Cardinal Health are seeking to settle claims which allege that these companies are responsible for the opioid addiction epidemic. 

Recent Settlements

In the last few months other opioid cases have been settled. Notably, in May, Teva Pharmaceuticals settled an $85 million lawsuit filed by the state of Oklahoma. This made Teva the second drug company to settle with the state of Oklahoma. Similarly, in March, Purdue Pharma reached a $270 million settlement there as well. Since then, Johnson & Johnson was also ordered to pay $572 million, although they plan to appeal the verdict.

Holding Companies Responsible

These companies are being sued due to their powerful marketing tactics. The companies market powerful painkillers to doctors and the public without disclosing their dangerous addictive properties. 

To date there have been nearly 2,000 lawsuits against opioid drugs. In one of the industry’s largest cases, Purdue Pharma reached a $10 billion settlement with numerous plaintiffs. 

Per Consumer Affairs, The Centers for Disease Control and Prevention reports about 218,000 people in the U.S. died from an opioid overdose between 1999 and 2017.

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