Drug firms offer to settle U.S. opioid suits with $50 billion package - sources [Reuters]
McKesson Corporation (MCK)
Last mckesson corporation earnings: 2/4 07:00 am
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Source: Reuters
Drug firms offer to settle U.S. opioid suits with $50 billion package - sources - Reuters 3 Min Read (Reuters) - Five drugmakers and distributors are offering $22 billion in cash as well as drugs and services they value at $28 billion to resolve lawsuits alleging the industry helped fuel the U.S. opioid crisis, two sources familiar with the matter told Reuters on Wednesday. The drug industry faces roughly 2,600 lawsuits brought by state and local governments, hospitals and other entities seeking to hold drugmakers and distributors responsible for the toll of opioid abuse. Local governments seek funds to cover costs of services in their communities. Distributors McKesson Corp ( MCK.N ), AmerisourceBergen Corp ( ABC.N ) and Cardinal Health ( CAH.N ) have offered to pay $18 billion in cash over 18 years, while drug maker Johnson & Johnson ( JNJ.N ) would pay $4 billion in cash, two people familiar with the matter said. Teva Pharmaceutical Industries Ltd ( TEVA.TA ) has offered
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MCK
News
- Are You a Value Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
- MCK Stock Gains as Q2 Earnings & Sales Top Estimates, '25 EPS View Up [Yahoo! Finance]Yahoo! Finance
- McKesson Co. (NYSE: MCK) had its price target raised by analysts at Evercore ISI from $560.00 to $680.00. They now have an "outperform" rating on the stock.MarketBeat
- McKesson Co. (NYSE: MCK) was upgraded by analysts at Robert W. Baird from a "neutral" rating to an "outperform" rating. They now have a $688.00 price target on the stock, up previously from $531.00.MarketBeat
- McKesson Co. (NYSE: MCK) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
MCK
Earnings
- 11/6/24 - Beat
MCK
Sec Filings
- 11/7/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 9/10/24 - Form 8-K
- MCK's page on the SEC website