Latest Cardinal Health Inc News

Drug companies in opioid crisis donated $27K to Ohio's Ryan

Oct. 05, 2022 16:31 PM EDT

COLUMBUS, Ohio (AP) — Democratic U.S. Rep. Tim Ryan, who has made his opponent's questionable record fighting the opioid epidemic a central theme of his campaign for Ohio's open U.S. Senate seat, has received campaign donations over the years from drug distributors blamed for key roles in the...

$500M-plus from opioid deal starts heading to Washington

Oct. 03, 2022 18:07 PM EDT

SEATTLE (AP) — The first payments from a $518 million settlement with the nation's three largest opioid distributors will begin reaching Washington communities in December, providing much-needed cash officials can use to hire first responders or direct toward prevention, treatment and other...

W.Va. announces $147M opioid settlement with CVS, Walmart

Sep. 20, 2022 17:02 PM EDT

CHARLESTON, W.Va. (AP) — Walmart and CVS Pharmacy have settled with the state of West Virginia for a combined total of $147 million in a lawsuit over the companies' roles in contributing to the oversupply of prescription drugs that fueled the opioid epidemic in the country's most impacted state,...

New Hampshire to get $40.5M in opioids case settlement

Sep. 01, 2022 08:38 AM EDT

CONCORD, N.H. (AP) — Drugmaker Johnson & Johnson has agreed to pay $40.5 million in a settlement with New Hampshire over its role in the opioid addiction crisis, days before the case was scheduled for trial, the state attorney general's office said Thursday. The state filed a...

Unity Software, Turquoise Hill fall; Gilead, Moderna rise

Aug. 15, 2022 16:24 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Monday: Exxon Mobil Corp.. down $1.68 to $92.32. Energy stocks slipped along with falling crude oil prices. Gilead Sciences Inc., up $3.25 to 66.21. The drug...

Hawaii details plans for $78M drug company opioid settlement

Aug. 09, 2022 20:56 PM EDT

HONOLULU (AP) — Hawaii Gov. David Ige on Tuesday outlined plans for how the state will spend $78 million it's receiving from a multistate settlement reached with pharmaceutical industry companies over their role in the opioid addiction crisis. Ige said drug overdose deaths have...

Tennessee sues Walgreens over opioid prescription onslaught

Aug. 03, 2022 19:14 PM EDT

Tennessee's attorney general said Wednesday he has sued Walgreens, accusing the drugstore chain of contributing to the state's opioid crisis by failing to maintain effective controls against the abuse of prescription pain pills. The lawsuit seeking unspecified civil penalties was...

WVa cities, counties reach $400M settlement with drug firms

Aug. 01, 2022 19:06 PM EDT

CHARLESTON, W.Va. (AP) — West Virginia cities and counties reached a $400 million tentative settlement with three major U.S. drug distributors, lawyers announced Monday. In a lawsuit in state court, the cities and counties accused the distributors of fueling the opioid epidemic....

States reach deal over marketing, safety of generic opioids

Jul. 29, 2022 14:31 PM EDT

HARRISBURG, Pa. (AP) — A former opioid manufacturer has agreed in principle to pay up to $2.4 billion in a deal with a dozen states over its marketing and product safety practices, state attorneys general announced Friday. The company, Allergan, is now part of AbbVie but sold its...

Drugmaker Teva latest to settle opioid lawsuits nationally

Jul. 26, 2022 19:40 PM EDT

Drugmaker Teva announced Tuesday that it has agreed to contribute more than $4.3 billion in cash and medications to settle lawsuits in the state and local governments and Native American tribes that claimed the company contributed to the U.S. opioid epidemic. The deal in principle...