Ohio counties, four drug firms reach $260 million settlement in opioid epidemic case, averting trial - News Summed Up

Ohio counties, four drug firms reach $260 million settlement in opioid epidemic case, averting trial


ADGoing to trial could have cost the four drug companies more than $8 billion if Cuyahoga and Summit counties were awarded all the money they had sought. Under the deal, the Ohio counties would receive an immediate $215 million in cash from the distributors, and another $20 million over two years from Teva. “We were able to make a significant impact in the communities of Cuyahoga and Summit counties. Negotiations continued over the weekend between the two Ohio Counties and the drug companies, Hanly said. As of late Saturday, the distributors were offering $90 million, and the counties were holding out for $250 million.


Source: Washington Post October 21, 2019 12:22 UTC



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