United States Four pharmaceutical companies reach $ 26 billion deal on charges of fueling US opioid crisis

The states still have to accept the second-largest settlement proposal in U.S. history.

Stateside several state law ministers have proposed a total of $ 26 billion, or about $ 22 billion, to allow four pharmaceutical companies to settle thousands of ongoing lawsuits in federal and state courts. The companies have been accused in court of inciting the country’s opioid crisis.

The three largest pharmaceutical distribution companies in the United States, McKesson, Cardinal Health and Amerisource Bergen, would pay $ 21 billion in reconciliation and pharmaceutical maker Johnson & Johnson $ 5 billion.

Pharmaceutical companies have committed to the reconciliation proposal, but the states and local governments have yet to approve the proposal.

The state of New York has already signed the bill, and other states have 30 days to join the ranks. Local governments have 150 days.

The agreement would mean that states would commit in the future not to sue pharmaceutical companies in connection with the opioid crisis.

Opioid crisis estimated to have caused more than 500,000 deaths in the United States in the last 20 years. The money is to be used to treat opioid addicts and prevent addiction.

“Frankly, there is not enough money in the world to cover [kriisin aiheuttaman] pain and suffering, ”said the Connecticut State Attorney General William Tong news agency Reuters.

According to Tong, the agreement would be the second largest in U.S. history at birth. Even greater is the $ 200 billion deal reached with tobacco companies in the 1990s alone.

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