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Drug companies reach $260 million opioid settlement with Ohio counties, averting landmark trial

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US Districy Court, Cleveland

Drug distributors AmerisourceBergen Corp (ABC.N), Cardinal Health Inc (CAH.N) and McKesson Corp (MCK.N) will contribute $215 million toward the settlement, according to Hunter Shkolnik, an attorney for the counties.

Israel-based drugmaker Teva Pharmaceutical Industries Ltd TEVA is paying $20 million in cash and will contribute $25 million worth of Suboxone, an opioid addiction treatment, according to Shkolnik.

The deal settles claims brought by Ohio’s Cuyahoga and Summit counties, which had accused the companies of fueling a nationwide opioid crisis. Some 400,000 U.S. overdose deaths between 1997 and 2017 were linked to opioids, according to government data.


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