Pharma Distributors Get Nod in $300 Million Opioid MDL Agreement

Cencora Inc., Cardinal Health Inc., and McKesson Corporation got preliminary approval of a $300 million settlement with third party payors after the payors alleged the healthcare companies harmed them in their pursuit of opioid profits.

“The proposed Settlement appears to be the product of intensive, thorough, serious, informed, and non-collusive negotiations; has no obvious deficiencies; does not improperly grant preferential treatment to the Settlement Class Representatives or segments of the Class; and appears to be fair, reasonable and adequate,” said Judge Dan Aaron Polster in an orderfor the US District Court for the Northern District of Ohio Tuesday. ...