J&J reaches opioid settlement with holdout U.S. state New Mexico

Published by
Reuters

By Nate Raymond (Reuters) -Johnson & Johnson on Friday said it had agreed to pay $44 million to resolve claims that it fueled the opioid epidemic in New Mexico, a state which originally opted against participating in a nationwide settlement resolving thousands of similar cases. The New Brunswick, New Jersey-based drugmaker said the $44 million was consistent with the terms of a proposal for J&J and drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc to pay up to $26 billion to resolve the cases nationally. New Mexico Attorney General Hector Balderas, a Democrat, ini…

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