Johnson & Johnson Settles Opioid Case with New Mexico
18 Januar 2022 - 06:26AM
TipRanks
Johnson & Johnson (JNJ) announced on Friday that it has agreed
to settle the opioid epidemic case with New Mexico by paying $44
million. Shares of the global drug maker closed at $167.84 on
January 14. New Mexico had originally ruled out of participating in
a nationwide settlement resolving several similar cases. JNJ said
the $44 million was consistent with the terms of a proposal for
J&J as well as other drug makers McKesson Corp. (MCK),
AmerisourceBergen Corp. (ABC), and Cardinal Health Inc. (CAH).
These drug manufacturers have collectively decided to pay up to $26
billion to resolve the cases across the U.S.
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