trending Market Intelligence /marketintelligence/en/news-insights/trending/rg31QlrA-wnqrH7b1SB79g2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

J&J, Teva, drug distributors to offer $50B package to settle opioid litigation

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform


J&J, Teva, drug distributors to offer $50B package to settle opioid litigation

Drugmakers and distributors are offering $22 billion in cash and $28 billion in medications and services to settle charges alleging that they helped fuel the U.S. opioid epidemic, Reuters reported, citing two sources familiar with the matter.

Johnson & Johnson is offering to pay $4 billion in cash to settle the lawsuits, while drug distributors AmerisourceBergen Corp., Cardinal Health Inc. and McKesson Corp. intend to pay $18 billion in cash over 18 years, the sources said. The drug industry is facing about 2,600 lawsuits lodged by governments, hospitals and other institutions.

Teva Pharmaceutical Industries Ltd. proposed to distribute $15 billion in medicines and provide distribution services for over a decade, according to one of the sources. The proposed package's total estimated value would reach $28 billion.

The attorneys general for North Carolina, Pennsylvania, Texas and Tennessee are leading the settlement talks, one of the sources said.

The proposed settlement comes ahead of a landmark trial scheduled for Oct. 21 that will be presided by U.S. District Court Judge Dan Polster in Ohio. J&J already reached a $20.4 million settlement with two Ohio counties, allowing it to skip the trial.

Joe Rice, Paul Farrell and Paul Hanly, the lead attorneys for the cities and counties pursuing the charges, said they are still awaiting the fine print of the settlement frameworks so that they can consult with the plaintiffs and determine their next steps, the report noted.

Purdue Pharma LP is seeking to stop opioid litigations for about nine months, after it filed for bankruptcy protection. The OxyContin maker reached a deal worth up to $12 billion to settle litigation claiming its marketing practices helped intensify the U.S. addiction crisis. Meanwhile, Allergan PLC agreed to pay $5 million to settle opioid charges in two Ohio counties.