Sumary of Drugmaker Endo settles opioid claims by Tennessee counties, cities for $35 mln:
- Article content Endo International Plc has agreed to pay $35 million to settle a lawsuit by Tennessee local governments and on behalf of a child allegedly born addicted to painkillers accusing the drugmaker of fueling the opioid epidemic, the company announced Thursday.
- Article content Endo shares had jumped about 25% on Tuesday after local government officials revealed that the drugmaker had made a settlement offer.
- The lawsuit, which was filed in 2017, is being pursued by several local governments and a “Baby Doe” allegedly born with neonatal abstinence syndrome, which is caused by withdrawal after in-utero opioid exposure.
- OxyContin maker Purdue Pharma and generic opioid maker Mallinckrodt Plc were also named as defendants in the case, but subsequently filed for bankruptcy, leaving Endo as the only active defendant.