Distributors Reach Settlement With Ohio Counties in Opioids Case
October 21 2019 - 11:38AM
Business Wire
AmerisourceBergen (NYSE: ABC), Cardinal Health (NYSE: CAH) and
McKesson (NYSE: MCK) announced this morning that they have agreed
to a $215 million settlement with two Ohio counties, Cuyahoga and
Summit, in the first track of the multi-district opioid litigation.
With this settlement agreed upon, the companies and the other
parties will now continue the work toward a global resolution.
While the companies strongly dispute the allegations made by the
two counties, they believe settling the bellwether trial is an
important stepping stone to achieving a global resolution and
delivering meaningful relief. The companies expect settlement funds
to be used in support of initiatives to combat the opioid epidemic,
including treatment, rehabilitation, mental health and other
important efforts.
The distributors remain deeply concerned about the impact the
opioid epidemic is having on families and communities across the
nation – and are committed to being part of the solution.
About AmerisourceBergen
AmerisourceBergen provides pharmaceutical products,
value-driving services and business solutions that improve access
to care. Tens of thousands of healthcare providers, veterinary
practices and livestock producers trust us as their partner in the
pharmaceutical supply chain. Global manufacturers depend on us for
services that drive commercial success for their products. Through
our daily work — and powered by our 21,000 associates — we are
united in our responsibility to create healthier futures.
AmerisourceBergen is ranked #10 on the Fortune 500, with more than
$160 billion in annual revenue. The company is headquartered in
Valley Forge, Pa. and has a presence in 50+ countries. Learn more
at amerisourcebergen.com.
About Cardinal Health
Cardinal Health, Inc. is a global, integrated healthcare
services and products company, providing customized solutions for
hospitals, healthcare systems, pharmacies, ambulatory surgery
centers, clinical laboratories and physician offices worldwide. The
company enhances supply chain efficiency for clinically proven
medical products, pharmaceuticals and cost-effective solutions. To
combat prescription drug misuse, the Cardinal Health Foundation and
its education partners created Generation Rx, a national drug
prevention education and awareness program. The Foundation actively
supports an array of other solutions, including efforts to reduce
opioid prescribing, promote drug take back and safe disposal and
expand collaborative community work.
Cardinal Health is backed by nearly 100 years of experience with
operations in nearly 46 countries. For more information, visit
cardinalhealth.com. Follow us on Twitter, Facebook and
LinkedIn.
About McKesson Corporation
McKesson Corporation is a global leader in healthcare supply
chain management solutions, retail pharmacy, healthcare technology,
community oncology and specialty care. McKesson partners with life
sciences companies, manufacturers, providers, pharmacies,
governments and other healthcare organizations to help provide the
right medicines, medical products and healthcare services to the
right patients at the right time, safely and cost-effectively.
United by our ICARE shared principles, our employees work every day
to innovate and deliver opportunities to improve patient care in
every setting — one product, one partner, one patient at a time.
McKesson has been named a “Most Admired Company” in the healthcare
wholesaler category by FORTUNE, a “Best Place to Work” by the Human
Rights Campaign Foundation, and a top military-friendly company by
Military Friendly. For more information, visit
www.mckesson.com.
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AmerisourceBergen General
and Business Media: Gabe Weissman 610.727.3696
gweissman@amerisourcebergen.com
Investors and Financial Media Bennett S. Murphy 610.727.3693
bmurphy@amerisourcebergen.com
Cardinal Health General and
Business Media: Brandi Martin 614.757.3383
brandi.martin@cardinalhealth.com
Investors and Financial Media: Kevin Moran 614.757.7942
kevin.moran@cardinalhealth.com
McKesson General and
Business Media: David Matthews 214.952.0833
David.Matthews@McKesson.com
Investors and Financial Media: Holly Weiss 972.969.9174
Holly.Weiss@McKesson.com
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