World News | Endo Latest Company to Settle with New York over Opioids

New York, Sep 10 (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.

Under the deal announced Thursday night, the Dublin-based drugmaker and its subsidiary Par are to pay $22.3 million to the state attorney general's office and $13.85 million to both Suffolk and Nassau counties.

Also Read | Amid Growing Frustration On American Side, Joe Biden Calls Xi Jinping as US-China Relationship Grows More Fraught.

Endo, which also settled claims recently with a group of local and county governments in Tennessee, admits no wrongdoing.

“This agreement ensures funding will be made available for critical abatement programs in a more expedited fashion,” Jayne Conroy, the lead lawyer for Suffolk County and co-lead counsel in a series of lawsuits across the country over opioids.

Also Read | Mystery Radio Signals Coming From Depths of Milky Way Galaxy Detected By Astronomers; Source Located Near Galactic Centre.

Conroy said a trial, which has been going on for about two months in New York, will continue against the remaining defendants, which include Teva Pharmaceuticals and Allergan Finance and their affiliates.

The plaintiffs say that companies improperly marketed opioids, downplaying the addiction risks, and that big shipments were not flagged as suspicious.

Johnson & Johnson settled just before the trial began, and the nation's three largest drug distributions companies — AmerisourceBergen, Cardinal Health and McKesson — have all since settled.

Those four companies have since announced a tentative $26 billion nationwide settlement deal that would take months to finalize.

Last week, a federal bankruptcy judge gave conditional approval to a plan to allow OxyContin maker Purdue Pharma to settle some 3,000 claims it faces.

Opioids, including prescription painkillers and illicit drugs such as heroin and illegally produced fentanyl, have been linked to more than 500,000 deaths in the U.S. over the last two decades.

As settlements are reached, it means companies are starting to fund drug treatment and education programs.

Other trials are queued up across the U.S., including a federal trial next month over claims against pharmacies. (AP)

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)