Rhode Island on Tuesday reversed course and threw its support behind a $21 billion nationwide settlement it originally declined to back resolving lawsuits alleging that three large drug distributors fueled the deadly U.S. opioid epidemic. Rhode Island Attorney General Peter Neronha's announcement marked the latest instance of a holdout state opting into the settlement with the big three drug distributors McKesson Corp , AmerisourceBergen Corp and Cardinal Health Inc . Cities and counties in states that have agreed to settle face a Wednesday deadline to join the distributors' settlement and a related $5 billion agreement https://www.reuters.com/legal/litigation/drug-distributors-jj-reach-landmark-26-bln-opioid-settlement-2021-07-21 with the drugmaker Johnson & Johnson.
AmerisourceBergen (ABC) continues to gain traction from the robust pharmaceutical segment. However, stiff competition is a woe.
Nevada has agreed to back a proposed nationwide settlement worth up to $26 billion resolving lawsuits against three large drug distributors and the drugmaker Johnson & Johnson over the deadly U.S. opioid epidemic, the state's attorney general said on Tuesday. Nevada was among a handful of states that until now was not participating in the landmark agreements to resolve thousands of opioid lawsuits against J&J, McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc .