Three pharma wholesalers reach a $1.1b deal with New York over opioids

Three of the largest pharmaceutical wholesalers in the U.S. agreed to pay up to $1.1 billion to settle a lawsuit in which the state of New York claimed the companies contributed to the opioid crisis by failing to monitor suspicious shipments.

The deal – which involves AmerisourceBergen (ABC), Cardinal Health (CAH), and McKesson (MCK) – comes amid a trial that was already underway and as the companies also attempt to reach a deal to settle nationwide litigation brought by numerous states, cities, counties and Native American tribes. An agreement worth $21 billion is reportedly set to be announced this week.

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