Baltimore wins $266 million in opioid case against distributors [Yahoo! Finance Canada]
Cencora, Inc. (COR)
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Source: Yahoo! Finance Canada
A six-person jury in the Circuit Court for Baltimore found McKesson responsible for $192 million and Cencora for $74 million on Tuesday following a nearly two-month trial. The amount represents damages compensating the city for harms the companies were found to have caused. Baltimore, which has been hit hard by the opioid crisis, opted out of large national opioid settlements in recent years in the hope of winning more money on its own. In 2022, Baltimore recorded 904 opioid overdose deaths, out of a total population of about 569,000, while the national opioid overdose death rate was about 25 per 100,000. Next month, the city is expected to ask Judge Lawrence Fletcher-Hill for about $9 billion from the companies to pay for the cost of addressing the opioid crisis going forward. That is a legal remedy known as abatement, and is distinct from civil damages. Baltimore accuses Cencora, formerly called AmerisourceBergen, and McKesson of ignoring red flags that opioids they supplied
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- Antacids Market to Grow by USD 692.3 Million (2024-2028), Driven by Rising Geriatric Population, AI-Powered Report Explores Market Evolution - Technavio [Yahoo! Finance]Yahoo! Finance
- Baltimore wins $266 million in opioid case against distributors [Yahoo! Finance]Yahoo! Finance
- U.S. Veterinary Surgical Disposables Market Report 2025-2030, Featuring VeterSut, B. Braun Vet Care, Vitrex Medical, AmerisourceBergen, Med-Vet International, Genia, Covetrus, Vedco and Phoenix Suture [Yahoo! Finance]Yahoo! Finance
- 2 drug companies to pay $260M after jury finds them liable for city's opioid crisis [CBS News]CBS News
- Cencora, Inc. (NYSE: COR) had its price target raised by analysts at Robert W. Baird from $287.00 to $292.00. They now have an "outperform" rating on the stock.MarketBeat
COR
Earnings
- 11/6/24 - Beat
COR
Sec Filings
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- 11/13/24 - Form 4
- COR's page on the SEC website