Hunter Shkolnik, a lawyer for Cuyahoga County, said the agreement calls for the distributors AmerisourceBergen, Cardinal Health and McKesson to pay a combined $215 million. Drugmaker Teva would contribute $20 million in cash and $20 million worth of suboxone, a drug used to treat opioid addiction. U.S. District Judge Dan Aaron Polster said the deal with Teva and the distributors was reached very early Monday morning. Industry CEOs and attorneys general from four states met Friday in a daylong session in Cleveland where the offer in place was a deal worth potentially $48 billion in cash and drugs over time to settle cases nationally. OxyContin maker Purdue Pharma reached a tentative settlement last month that could be worth up to $12 billion over time.

Source: Los Angeles Times October 21, 2019 12:49 UTC