States and local governments to receive an additional $18.75 billion — they received $26 million last year in a previous settlement — from pharmacy chains and drug manufacturers to settle lawsuits over their roles in flooding the country with painkillers.
The settlements are to be paid by drug manufacturers Allergan and Teva, plus CVS and Walgreens. The settlements also include Walmart, which is expected to finalize its deal shortly.drug distributors AmerisourceBergen, Cardinal Health and McKesson, agreed to pay about $26 billion to settle. In total, more than $50 billion has been allocated to settle waves of lawsuits meant to hold accountable companies that failed to stop the flow and abuse of prescription pills in the 2000s and 2010s.
Apart from the wider national settlement, attorneys on Friday announced that Walgreens agreed to pay $500 million to New Mexico to settle claims over lax opioid prescription oversight chronicled during a two-month bench trial late last year. The same case resulted in $274 million in settlements from Albertsons, CVS, Kroger and Walmart.State attorneys general said the latest tranche of settlement money will begin to flow later this year: For example,$65 million, all spread out over 15 years.
Teva, in a news release, said it has now resolved its opioid litigation with all 50 states and 99 percent of other governments.
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