Pharmaceutical giants to pay Baltimore $266M in opioid epidemic lawsuit [USA TODAY]
Cardinal Health, Inc. (CAH)
Last cardinal health, inc. earnings: 2/6 06:55 am
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Source: USA TODAY
nationwide epidemic of addiction that kills tens of thousands of Americans every year. A jury found Texas-based healthcare products company McKesson liable for $192 million in damages and Pennsylvania-based drug wholesaler Cencora for $74 million. Baltimore accused the companies of failing to report "suspicious orders" of prescription drugs such as oxycodone and hydrocodone to federal authorities, subsequently contributing to the city's opioid epidemic. Next month, the city will ask Judge Lawrence Fletcher-Hill in the Circuit Court for Baltimore City for $9 billion from the companies in abatement to pay for opioid crisis solutions. Mayor Brandon Scott applauded the verdict, saying the jury agreed that the "outsized impact on our city was a direct result of the actions of big pharma.” "The opioid overdose epidemic has taken a toll on every community in this country, but in Baltimore, it has touched every resident in some way and devastated whole families and whole neighborhoods
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CAH
News
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CAH
Earnings
- 11/1/24 - Beat
CAH
Sec Filings
- 11/18/24 - Form 4
- 11/18/24 - Form 8-K
- 11/15/24 - Form 424B5
- CAH's page on the SEC website