Latest McKesson Corp News

Bloomberg pledges $120 million to curb drug overdose deaths

Nov. 10, 2021 11:29 AM EST

Michael Bloomberg will spend $120 million in an effort to reduce the soaring numbers of deaths from drug overdoses, he announced today at a healthcare summit he organized. The pledge more than doubles the $50-million philanthropic commitment he made toward the same goal in 2018. ...

Drug companies win in California opioid crisis lawsuit

Nov. 02, 2021 19:06 PM EDT

LOS ANGELES (AP) — A California judge has ruled for top drug manufacturers as local governments seek billions of dollars to cover their costs from the nation’s opioid epidemic. Orange County Superior Court Judge Peter Wilson issued a tentative ruling on Monday that...

Arista Networks, Pfizer rise; Chegg, Harsco fall

Nov. 02, 2021 16:37 PM EDT

NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Tuesday: Arista Networks Inc., up $83.30 to $491.87. The cloud networking company gave investors an encouraging financial forecast after reporting strong third-quarter...

California judge rules for opioid makers in damages lawsuit

Nov. 02, 2021 00:25 AM EDT

LOS ANGELES (AP) — A California judge has ruled for top drug manufacturers as local governments seek billions of dollars to cover their costs from the nation’s opioid epidemic. Orange County Superior Court Judge Peter Wilson issued a tentative ruling on Monday that...

Pharmacies face 1st trial over role in opioid crisis

Oct. 02, 2021 11:48 AM EDT

CLEVELAND (AP) — So many prescription painkillers were dispensed in Lake County, Ohio, between 2012 and 2016 that the amount equaled 265 pills for every resident. Just to the south, the flood of prescription opioids during the same period equated to 400 pills for every resident of Trumbull...

Cherokee Nation reaches $75M settlement with drug companies

Sep. 28, 2021 18:48 PM EDT

OKLAHOMA CITY (AP) — The Cherokee Nation and three opioid distributors reached a $75 million settlement to resolve opioid-related claims against the companies, the tribe and the companies announced Tuesday. The Tahlequah, Oklahoma-based tribe announced the settlement,...

Endo latest company to settle with New York over opioids

Sep. 09, 2021 23:14 PM EDT

NEW YORK (AP) — The state of New York and two large counties agreed Thursday a $50 million deal to end their lawsuits with drugmaker Endo International, in the latest of a progression of settlements of government claims over the opioid addiction and overdose crisis. ...

Companies: $26B settlement of opioid lawsuits to move ahead

Sep. 04, 2021 20:15 PM EDT

Four companies in the drug industry said Saturday that enough states had agreed to a settlement of lawsuits over the opioid crisis for them to move ahead with the $26 billion deal. An announcement from the three largest U.S. drug distribution companies and a confirmation...