States Reject Opioid Settlement Offer

States Reject Opioid Settlement Offer

(UnitedVoice.com) – An $18 billion dollar offer made to 21 states by opioid distributors, including McKesson Corp., has been rejected.

Attorneys general from a few of those states, Connecticut, Ohio and Florida, sent a letter to the lawyers for AmerisourceBergen Corp., Cardinal Health Inc. and McKesson earlier this week stating that the current offer isn’t acceptable because of the payout structure. The offer stated that the money would be paid out over a period of 18 years.

The $18 billion is part of a larger $50 billion proposal that would end over 2,000 lawsuits filed by state and government organizations across the United States. The states are hoping to get back the billions of dollars that have been spent fighting the opioid epidemic.

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Other distributors involved in the settlement include Johnson & Johnson and Teva Pharmaceutical Industries Inc.

Johnson & Johnson has offered to pay $4 billion, and Teva stated they would pay $250 million as well as donate over $20 billion dollars worth of the drug Suboxone.

Suboxone is a commonly used medication that helps opioid addicts get off painkillers long term.

Gabe Weissman, a spokesperson for AmerisourceBergen, said in a statement, “We remain committed to a fair negotiated resolution…” The companies will, however, continue to prepare to defend themselves in court should a settlement not be reached.

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We’ll continue to keep you updated on what the pharmaceutical companies do next.

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