Major drug distributors and J&J finalize opioid settlement, launching nationwide funding

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Major drug distributors and J&J finalize opioid settlement, launching nationwide funding
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Three major drug distributors and the drugmaker Johnson & Johnson finalized a $26 billion agreement on Friday to bring relief to states and communities affected by the opioid epidemic

Lawyers representing the communities in the massive web of federal litigation over the opioid epidemic say governments covering about 90 percent of the U.S. population have signed on to the deal, agreeing to drop legal claims against the companies in exchange for the funds. Separately,for a $665 million cut of the national sum.

“They say, ‘It’s just not enough money to solve the problem,’ ” Rice said, describing those conversations with local leaders. “And I say, ‘You’re right. It’s not.’ But we’re never going to solve the problem with money alone.” More states, counties or cities may sign on to the deal after Friday’s deadline, increasing the total payout from the companies.

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