Drugmaker Endo settles opioid claims by Tennessee counties, cities for $35 mln

drugmaker endo settles opioid claims by tennessee counties cities for 35 mln

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.

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