Breaking News

Drugmakers look to use Purdue Pharma's bankruptcy to settle U.S. opioid suits: WSJ


Yahoo News - Latest News & Headlines

Drugmakers look to use Purdue Pharma's bankruptcy to settle U.S. opioid suits: WSJEndo, J&J, Teva Pharmaceutical Industries Ltd, Allergan Plc and Mallinckrodt Plc - are looking to enact a global settlement of the litigation that would be implemented through Purdue's Chapter 11 case, the WSJ reported, citing a person familiar with the matter. The mechanism, if successful, would allow the companies to contribute money into a trust set up through the bankruptcy in exchange for a complete release from liability, according to the report.


No comments