Endo latest company to settle with New York on opioids

Endo latest company to settle with New York on opioids

“This agreement ensures funding will be made available for critical abatement programs in a more expedited fashion,” Jayne Conroy, the lead lawyer for Suffolk County and co-lead counsel in a series of lawsuits across the country over opioids. Conroy said a trial, which has been going on for about two months in New York, will continue against the remaining defendants, which include Teva Pharmaceuticals and Allergan Finance and their affiliates.

Under the deal announced Thursday night, the Dublin-based drugmaker and its subsidiary Par are to pay $22.3 million to the state attorney general’s office and $13.85 million to both Suffolk and Nassau counties. Endo, which also settled claims recently with a group of local and county governments in Tennessee, admits no wrongdoing. The plaintiffs say that companies improperly marketed opioids, downplaying the addiction risks, and that big shipments were not flagged as suspicious.

Johnson & Johnson settled just before the trial began, and the nation’s three largest drug distributions companies — AmerisourceBergen, Cardinal Health and McKesson — have all since settled. Those four companies have since announced a tentative $26 billion nationwide settlement deal that would take months to finalize.

Last week, a federal bankruptcy judge gave conditional approval to a plan to allow OxyContin maker Purdue Pharma to settle some 3,000 claims it faces. Opioids, including prescription painkillers and illicit drugs such as heroin and illegally produced fentanyl, have been linked to more than 500,000 deaths in the U.S. over the last two decades. As settlements are reached, it means companies are starting to fund drug treatment and education programs.

Other trials are queued up across the U.S., including a federal trial next month over claims against pharmacies.

The News Highlights

  • Endo latest company to settle with New York on opioids
  • Check the latest update on business news
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more

For Latest News Follow us on Google News


Latest Headlines
  • Show all
  • Trending News
  • Popular By week
Random: Nintendo Shares Beautiful Metroid Art That Would Look Great As A Phone Wallpaper
Random: Nintendo Shares Beautiful Metroid Art That Would Look Great As A Phone Wallpaper
Yes, in a Twitter thread today, Nintendo has shared the following key art images cataloguing Samus’ journey so far, all leading up to Dread which launches ...
Health newsletters 21.09.21 |  |  The Brunswick News
Health newsletters 21.09.21 | | The Brunswick News
The American Red Cross will host upcoming blood drives at the following locations: blood drives • From 11 a.m. to 4 p.m. Wednesday at the College of Coastal ...
Trump CFO’s attorney says he suspects more charges on the way
Trump CFO’s attorney says he suspects more charges on the way
The Manhattan District Attorney’s office declined comment. “Mr. Weisselberg is separate from the Trump Organization. He is the only individual here whose ...
Pfizer says COVID-19 vaccine works in children ages 5 to 11
Pfizer says COVID-19 vaccine works in children ages 5 to 11
The kid dosage also proved safe, with similar or fewer temporary side effects — such as sore arms, fever or achiness — that teens experience, he said. “I ...
8 Best ASMR Apps for Your Mobile Phone: Relax and Enjoy
8 Best ASMR Apps for Your Mobile Phone: Relax and Enjoy
Like it or not, ASMR (“Subjective sensory response to meridians”, translated into Spanish as “subjective sensory response to meridians”), is to say the least ...
Sony bounces Atmos audio in slimline A5000 soundbar
Sony bounces Atmos audio in slimline A5000 soundbar
Hot off the heels of the incredibly beefy HT-A7000, Sony’s back with yet another Dolby Atmos soundbar. And while the specs on these two speakers are pretty ...
Human health insurer exceeds profit estimates under Medicare Advantage strength
Rep. Tim Ryan said he tested positive for Covid-19
Ryan, according to the release, “will continue to fulfill his congressional duties by voting remotely until he can safely return to Washington.” According ...
All New Stuff coming to HomeKit by Apple from next week
All New Stuff coming to HomeKit by Apple from next week
So, if you’ve been excited about unlimited HomeKit Secure Video cameras, the HomePod Mini as a speaker for your Apple TV 4K, or the chance to see your ...
iPhone 13 satellite connectivity, increased demand for smartwatches, Kanye West’s new album
iPhone 13 satellite connectivity, increased demand for smartwatches, Kanye West’s new album
Shipments are continuing to soar as they jumped nearly 50% this spring compared to last year. More than 18 million of the devices were shipped in the spring ...
Front and Centre View of Lisbon at iPhone 13 launch
Front and Centre View of Lisbon at iPhone 13 launch
To present some of the new devices, such as the iPhone 13 and the iPad, the company used videos recorded in the city center of Lisbon, as well as in Ponte ...
Show next
Compsmag - Latest News from tech, business and health
Logo