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Cardinal Health, Amerisource See $13 Billion Opioid Deal (2)

Nov. 6, 2020, 2:07 AM

Cardinal Health Inc. and AmerisourceBergen Corp. have each reserved about $6.6 billion to settle claims that drug distributors fueled the U.S. opioid epidemic by flooding communities with the highly addictive painkillers, according to regulatory filings.

The combined $13.2 billion set aside would cover the companies’ share of a roughly $21 billion settlement proposal that includes fellow drug distributor McKesson Corp., which has agreed to pay as much as $8 billion. The deal with a group of state attorneys general calls for payouts over 18 years to resolve more than 3,000 lawsuits filed by state and local governments seeking compensation ...