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

Drugmakers look to use Purdue Pharma's bankruptcy to settle U.S. opioid suits: WSJ https://ift.tt/2oGcDXe October 01, 2019 at 05:43AM Yahoo News - Latest News & Headlines https://ift.tt/27ryfmF

Endo, 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.

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