Washington, Drug Distributors Reach $518M Settlement For Opioid Claims

• Washington has reached a $518 million settlement with drug distributors McKesson Corporation (NYSE:MCK), AmerisourceBergen Corp (NYSE:ABC), and Cardinal Health Inc (NYSE:CAH) to resolve opioid-related claims.
• Washington opted out of a $26 billion nationwide opioid settlement involving the three drug distributors and Johnson & Johnson (NYSE:JNJ).
• Reuters writes that it would have received up to $417.9 million from McKesson, Cardinal Health, and AmerisourceBergen under that settlement finalized in February.
• Also Read: JNJ, McKesson, Endo Settle $275M Opioid Claims With Alabama: Reuters.
• The state had accused the drug distributors of failing to prevent prescription pills from being diverted for illegal use. It had sought $38.2 billion to fund treatment.
• Photo by Diamond Rehab Thailand via Pixaby