Friday, September 17, 2021

Drugmaker Endo inks agreement with New York state, county on opioids

NEW YORK — New York state and two large countries on Thursday agreed a $50 million deal with drug maker Endo International to end their lawsuits as part of progress in settling government claims over the opioid addiction and overdose crisis. is in the latest.

Under the deal announced Thursday night, the Dublin-based drugmaker and its subsidiary Par are to pay $22.3 million to the state attorney general’s office and $13.85 million to both Suffolk and Nassau counties.

Endo, which recently settled claims with a group of local and county governments in Tennessee, did no wrong.

“This agreement ensures that funding for critical reduction programs will be made available more quickly,” said Jane Conroy, Suffolk County’s lead attorney and co-lead attorney in a series of lawsuits nationwide over opioids.

Conroy said a trial, which has been underway in New York for nearly two months, will continue against the remaining defendants, including Teva Pharmaceuticals and Allergan Finance, and their affiliates.

The plaintiffs say that the companies marketed opioids improperly, minimizing the risk of addiction, and that the large shipments were not marked as suspicious.

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Johnson & Johnson settled just before the trial began, and the nation’s three biggest drug delivery companies—Amerisource Bergen, Cardinal Health, and McKesson—have all since settled.

Those four companies have since announced a $26 billion nationwide settlement deal that will take months to finalize.

Last week, a federal bankruptcy judge gave conditional approval to a plan to allow OxyContin maker Purdue Pharma to settle about 3,000 claims facing it.

Opioids, including prescription pain relievers and illicit drugs such as heroin and illegally produced fentanyl, have been linked to more than 500,000 deaths in the United States over the past two decades.

As settlements approach, it means companies are starting to fund drug treatment and education programs.

Other trials are queued up across the United States, including a federal trial next month over claims against pharmacies.

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This News Originally From – The Epoch Times

Drugmaker Endo inks agreement with New York state, county on opioids
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