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Below are the latest news stories about Amerisourcebergen Corp that investors may wish to consider to help them evaluate ABC as an investment opportunity.
AmerisourceBergen (NYSE:ABC), Cardinal Health (NYSE:CAH), and McKesson (NYSE:MCK) announced on Friday their decision to proceed with more than $19B worth of agreement to settle claims over their role in fueling the opioid crisis in the U.S. The move comes after 46 of 49 eligible states, as well as the District...
Drug distributors McKesson, AmerisourceBergen and Cardinal Health are part of the settlement.
Drugmaker Johnson & Johnson and three major distributors finalized nationwide settlements over their role in the opioid addiction crisis Friday, an announcement that clears the way for $26 billion to flow to nearly every state and local government in the U.S. Taken together, the settlements are the largest to date among the many opioid-related cases that have been playing out across the country. They''re expected to provide a significant boost to efforts aimed at reversing the crisis in places that have been devastated by it, including many parts of rural America. Johnson & Johnson, AmerisourceBergen, Cardinal Health and McKesson announced the settlement plan last year, but the deal was contingent on getting participation from a critical mass of state and local governments. Friday was t...
Johnson and Johnson and three other major drug distributors on Friday finalized a historic $26 billion settlement in an opioid lawsuit brought against the companies.The settlement agreement with Johnson and Johnson, AmerisourceBergen, Cardinal…
MADISON, Wis. – Attorney General Kaul announced today the final approval of the $26 billion opioid agreement with the nation’s three major pharmaceutical distributors – Cardinal, McKesson, and AmerisourceBergen – and Johnson & Johnson. Following successful state sign-on and subdivision sign-on periods, the defendants will start releasing funds to a national administrator on April 2, […]
The three distributors, McKessen, AmerisourceBergen and Cardinal Health, each "independently determined" that enough states and litigating political subdivisions had signed on to advance the agreement to pay out $19.5 billion over 18 years to thousands of plaintiffs, according to a joint press release from the companies.
BET À DAY Drugmaker Johnson & Johnson and three major distributors (McKessen, AmerisourceBergen and Cardinal Health) confirmed on Friday that they will pay $24.5 billion to end more than 3,000 lawsuits by US states and thousands of communities. In a joint statement, the distributors said they had independently determined that there was “sufficient participation from […] The post Opiate crisis: J&J and 3 distributors agree to pay nearly 25 billion dollars first appeared on The Bobr Times .
Johnson & Johnson (NYSE: JNJ ) shares are trading higher Friday after the company agreed to finalize a proposed $26 billion settlement resolving more than 3,000 lawsuits, mainly by state and local governments, seeking to hold it and three other companies responsible for the opioid abuse crisis. The other companies are distributors McKesson Corp (NYSE: MCK ), AmerisourceBergen Corp (NYSE: ABC ) and Cardinal Health Inc (NYSE: CAH ). Johnson & Johnson was up 4.97% at $166 Friday afternoon at publication. See Also: Drug Distributors, JNJ Agree To Settle $26B Opioid Lawsuits Johnson & Johnson Daily Chart Analysis The stock recently bounced off support in a sideways channel and has been pushing higher, now nearing the resistance level of the channel. Support was found near … Full story availa...
Distributors McKesson Corporation (NYSE: MCK ), AmerisourceBergen Corp (NYSE: ABC ), Cardinal Health Inc (NYSE: CAH ), and Johnson & Johnson (NYSE: JNJ ) have agreed to finalize a proposed $26 billion settlement resolving claims by states and local governments regarding the opioid epidemic. The deal aims to resolve more than 3,000 lawsuits, mainly by state and local governments seeking to hold the companies responsible for … Full story available on Benzinga.com
Shares of Johnson & Johnson, AmerisourceBergen, McKesson, and Cardinal Health jumped Friday morning.