The Japan Times - Pharma giants to pay $590 mn to US Native Americans over opioids

EUR -
AED 4.151007
AFN 80.239967
ALL 97.98717
AMD 440.086138
ANG 2.03683
AOA 1036.333768
ARS 1324.545246
AUD 1.753235
AWG 2.034242
AZN 1.925715
BAM 1.951086
BBD 2.282386
BDT 137.338181
BGN 1.955144
BHD 0.425926
BIF 3312.42427
BMD 1.130135
BND 1.466769
BOB 7.811266
BRL 6.396227
BSD 1.130369
BTN 95.532877
BWP 15.390951
BYN 3.699395
BYR 22150.636537
BZD 2.270614
CAD 1.562016
CDF 3244.616608
CHF 0.934059
CLF 0.027864
CLP 1069.277221
CNY 8.217891
CNH 8.149807
COP 4805.897034
CRC 571.623975
CUC 1.130135
CUP 29.948565
CVE 109.999234
CZK 24.915515
DJF 200.847951
DKK 7.46443
DOP 66.39077
DZD 149.727535
EGP 57.340993
ERN 16.952018
ETB 148.217585
FJD 2.54891
FKP 0.851439
GBP 0.851454
GEL 3.09701
GGP 0.851439
GHS 16.504322
GIP 0.851439
GMD 80.80897
GNF 9791.34344
GTQ 8.706043
GYD 237.191127
HKD 8.758611
HNL 29.161808
HRK 7.536081
HTG 147.534851
HUF 404.554691
IDR 18609.868588
ILS 4.068903
IMP 0.851439
INR 95.661423
IQD 1480.835303
IRR 47592.794167
ISK 146.13813
JEP 0.851439
JMD 179.296807
JOD 0.801496
JPY 163.848602
KES 146.070321
KGS 98.830698
KHR 4529.097464
KMF 491.047735
KPW 1017.119585
KRW 1582.053141
KWD 0.346545
KYD 0.942032
KZT 583.984221
LAK 24444.157526
LBP 101284.186644
LKR 338.49218
LRD 226.087757
LSL 20.808809
LTL 3.336994
LVL 0.683608
LYD 6.172088
MAD 10.481668
MDL 19.443368
MGA 5085.605719
MKD 61.535047
MMK 2372.630142
MNT 4038.228025
MOP 9.025015
MRU 45.024616
MUR 51.229425
MVR 17.4158
MWK 1960.098954
MXN 22.131707
MYR 4.816073
MZN 72.328998
NAD 20.808809
NGN 1812.408452
NIO 41.532869
NOK 11.769961
NPR 152.852403
NZD 1.900983
OMR 0.435087
PAB 1.130369
PEN 4.144324
PGK 4.586369
PHP 62.73419
PKR 317.646266
PLN 4.277861
PYG 9044.148714
QAR 4.125034
RON 4.978925
RSD 117.214205
RUB 93.46101
RWF 1595.473461
SAR 4.238286
SBD 9.425806
SCR 16.06713
SDG 678.649932
SEK 10.914054
SGD 1.468727
SHP 0.888108
SLE 25.756185
SLL 23698.337407
SOS 646.050531
SRD 41.617247
STD 23391.502773
SVC 9.891102
SYP 14693.855918
SZL 20.79993
THB 37.396568
TJS 11.699636
TMT 3.955471
TND 3.372891
TOP 2.646892
TRY 43.619796
TTD 7.665547
TWD 34.71672
TZS 3046.370305
UAH 47.196587
UGX 4141.031624
USD 1.130135
UYU 47.435393
UZS 14601.33834
VES 98.025574
VND 29389.148119
VUV 136.832042
WST 3.131463
XAF 654.381759
XAG 0.035286
XAU 0.000349
XCD 3.054245
XDR 0.817101
XOF 650.396478
XPF 119.331742
YER 276.48782
ZAR 20.780405
ZMK 10172.570869
ZMW 31.374475
ZWL 363.902853
  • RBGPF

    4.2100

    67.21

    +6.26%

  • GSK

    0.3200

    39.07

    +0.82%

  • BCE

    0.0100

    21.45

    +0.05%

  • NGG

    0.0300

    71.68

    +0.04%

  • RIO

    1.1500

    59.7

    +1.93%

  • RELX

    0.9400

    55.02

    +1.71%

  • BCC

    3.4400

    96.15

    +3.58%

  • VOD

    -0.1200

    9.61

    -1.25%

  • SCS

    0.2700

    10.14

    +2.66%

  • RYCEF

    0.1300

    10.35

    +1.26%

  • CMSC

    0.0700

    22.1

    +0.32%

  • JRI

    0.0600

    13.07

    +0.46%

  • CMSD

    0.0600

    22.32

    +0.27%

  • AZN

    1.9300

    72.44

    +2.66%

  • BTI

    -0.1300

    43.17

    -0.3%

  • BP

    0.2400

    28.12

    +0.85%

Pharma giants to pay $590 mn to US Native Americans over opioids
Pharma giants to pay $590 mn to US Native Americans over opioids

Pharma giants to pay $590 mn to US Native Americans over opioids

A group of pharmaceutical companies and distributors agreed to pay $590 million to settle lawsuits connected to opioid addiction among Native American tribes, according to a US court filing released Tuesday.

Text size:

The agreement is the latest amid a deluge of litigation spawned by the US opioid crisis, which has claimed more than 500,000 lives over the last 20 years and ensnared some of the largest firms in the world of American medicine.

The companies involved in the latest agreement include Johnson & Johnson and McKesson, according to a filing in an Ohio federal court by a committee of plaintiffs in the case.

Native Americans have "suffered some of the worst consequences of the opioid epidemic of any population in the United States," according to the filing from the Plaintiffs' Tribal Leadership Committee, which cited per-capita death rates compared with other ethnic groups.

"The burden of paying these increased costs has diverted scarce funds from other needs and has imposed severe financial burdens on the tribal plaintiffs."

Johnson & Johnson, McKesson and the other two companies in the accord -- AmerisourceBergen and Cardinal Health -- have previously agreed to a $26 billion global settlement on opioid cases.

J&J said Tuesday the $150 million it agreed to pay in the Native American case has been deducted from what it owes in the global settlement.

"This settlement is not an admission of any liability or wrongdoing and the company will continue to defend against any litigation that the final agreement does not resolve," the company said.

It was unclear if the other companies would take what they owe under the latest agreement from the global settlement.

- 'Measure of justice' -

Robins Kaplan, a law firm negotiating on the behalf of the plaintiffs, said in a statement the agreement must still be approved by the Native American tribes, which are pursuing other claims regarding opioids.

"This initial settlement for tribes in the national opioid litigation is a crucial first step in delivering some measure of justice to the tribes and reservation communities across the United States that have been ground zero for the opioid epidemic," Tara Sutton, an attorney at the firm who negotiated on behalf of the Native Americans.

Douglas Yankton, chairman of the North Dakota-based Spirit Lake Nation, said the money from the settlement would "help fund crucial, on-reservation, culturally appropriate opioid treatment services."

All tribes recognized by the US government, 574 in all, will be able to participate in the agreement, even if they have not filed lawsuits.

The settlement is separate from a prior agreement that resulted in $75 million in payments to the Cherokee Nation from three distribution companies, including McKesson.

Many of the lawsuits regarding the opioid crisis have centered on Purdue Pharma, the manufacturer of OxyContin, a highly addictive prescription painkiller blamed for causing a spike in addiction.

A judge in December overturned the company's bankruptcy plan because it provided some immunity for the owners of the company in exchange for a $4.5 billion payout to victims of the opioid crisis.

The litigation wave has also swamped pharmacies owned by Walmart, Walgreens and CVS, which a jury found in November bear responsibility for the opioid crisis in two counties in Ohio.

T.Sato--JT