J&J reaches opioid settlement with holdout state New Mexico


By:  Reuters
04:33 01/14/2022

(Reuters) - Johnson & Johnson on Friday said it had agreed to pay $44 million to resolve claims that it fueled the opioid epidemic in New Mexico, a state which originally opted against participating in a nationwide settlement resolving thousands of similar cases.

The drugmaker said the $44 million was consistent with the terms of a proposal for J&J and drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc to pay up to $26 billion to resolve the cases nationally.



(Reporting by Nate Raymond in Boston; Editing by Leslie Adler)


This article has been provided by a DearWallstreet contributor. All content submitted by this author represent their personal opinions, and should be considered as such for entertainment purpose only. All opinions expressed are those of the writer, and may not necessarily represent fact, opinions, or bias of DearWallstreet.