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

EUR -
AED 4.183233
AFN 72.900796
ALL 94.178505
AMD 419.314312
ANG 2.039391
AOA 1044.526125
ARS 1682.963331
AUD 1.650836
AWG 2.050323
AZN 1.940938
BAM 1.953816
BBD 2.29467
BDT 140.137703
BGN 1.926028
BHD 0.429564
BIF 3383.764104
BMD 1.139068
BND 1.474203
BOB 7.873316
BRL 5.906116
BSD 1.139343
BTN 106.936538
BWP 15.483957
BYN 3.304345
BYR 22325.7403
BZD 2.291333
CAD 1.616088
CDF 2585.685641
CHF 0.921945
CLF 0.026716
CLP 1051.47848
CNY 7.750051
CNH 7.748997
COP 3924.853754
CRC 517.274756
CUC 1.139068
CUP 30.185312
CVE 110.152667
CZK 24.262503
DJF 202.435681
DKK 7.474852
DOP 66.942027
DZD 151.891398
EGP 56.388104
ERN 17.086026
ETB 183.690043
FJD 2.581248
FKP 0.861953
GBP 0.862588
GEL 3.012882
GGP 0.861953
GHS 12.846463
GIP 0.861953
GMD 83.152397
GNF 9982.863336
GTQ 8.692174
GYD 238.447299
HKD 8.931931
HNL 30.484046
HRK 7.534145
HTG 148.908797
HUF 353.806604
IDR 20318.644856
ILS 3.419541
IMP 0.861953
INR 107.482778
IQD 1492.484522
IRR 1566275.979936
ISK 143.990074
JEP 0.861953
JMD 179.437798
JOD 0.807645
JPY 184.248302
KES 147.464231
KGS 99.611968
KHR 4573.356185
KMF 494.356077
KPW 1025.161943
KRW 1749.07411
KWD 0.352667
KYD 0.949478
KZT 552.798685
LAK 25007.607115
LBP 102029.928944
LKR 382.987923
LRD 207.538374
LSL 18.727983
LTL 3.363373
LVL 0.689012
LYD 7.313542
MAD 10.683358
MDL 20.201374
MGA 4819.022121
MKD 61.650608
MMK 2391.4173
MNT 4078.140908
MOP 9.203718
MRU 45.46983
MUR 54.345384
MVR 17.599037
MWK 1975.671941
MXN 19.928917
MYR 4.656556
MZN 72.790718
NAD 18.727983
NGN 1569.96699
NIO 41.927427
NOK 11.321935
NPR 171.101263
NZD 2.019175
OMR 0.437978
PAB 1.139393
PEN 3.885055
PGK 4.999879
PHP 69.810658
PKR 317.086147
PLN 4.288536
PYG 6953.908432
QAR 4.152965
RON 5.240402
RSD 117.409287
RUB 89.840095
RWF 1668.578957
SAR 4.278556
SBD 9.171725
SCR 15.116694
SDG 683.441416
SEK 11.086063
SGD 1.474085
SHP 0.85043
SLE 28.253073
SLL 23885.698624
SOS 651.167384
SRD 42.695744
STD 23576.41575
STN 24.475148
SVC 9.968834
SYP 125.903618
SZL 18.716995
THB 37.997617
TJS 10.544809
TMT 3.986739
TND 3.377019
TOP 2.742604
TRY 53.107967
TTD 7.743002
TWD 36.285825
TZS 2987.418743
UAH 51.139324
UGX 4181.643799
USD 1.139068
UYU 45.735567
UZS 13685.704189
VES 707.080099
VND 29957.498463
VUV 136.632283
WST 3.172872
XAF 655.291613
XAG 0.019292
XAU 0.000279
XCD 3.07839
XCG 2.053315
XDR 0.816089
XOF 655.288739
XPF 119.331742
YER 271.810235
ZAR 18.752312
ZMK 10252.986409
ZMW 20.523521
ZWL 366.779554
  • CMSC

    -0.0560

    21.99

    -0.25%

  • RBGPF

    0.0000

    61.3

    0%

  • BCC

    1.1300

    80.89

    +1.4%

  • GSK

    0.2950

    52.185

    +0.57%

  • CMSD

    -0.1300

    21.8

    -0.6%

  • RIO

    -1.4200

    93.69

    -1.52%

  • AZN

    2.6980

    188.378

    +1.43%

  • NGG

    -0.4600

    82.96

    -0.55%

  • BP

    -0.6450

    37.075

    -1.74%

  • BCE

    -0.2550

    22.945

    -1.11%

  • BTI

    0.2750

    62.755

    +0.44%

  • VOD

    0.0550

    13.915

    +0.4%

  • RELX

    0.3600

    31.28

    +1.15%

  • JRI

    0.2200

    12.8

    +1.72%

  • RYCEF

    0.7000

    18.7

    +3.74%

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