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8/20/2019, 6:12 AM (Source: TeleTrader)
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Endo, Allergan to settle first opioid lawsuits - report

Pharmaceutical companies Endo International Plc and Allergan Plc are nearing a settlement with two of the United States' counties in a landmark opioid crisis case, the Wall Street Journal reported. According to the sources familiar with the matter, the companies would pay $10 million and $5 million, respectively, in case the deal was reached.

Both firms would still be liable in hundreds of other cases in which they have been sued by other US local governments. Said settlements may not entirely eliminate Endo and Allergan from impending trial.

Thousands of states, counties, and cities within the US sued multiple drugmakers over their perceived role in the drug overdose epidemics in the country.

Baha Breaking News (BBN) / MA