Johnson & Johnson reached a settlement with the US state of New York during the opioid crisis.
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The US pharmaceutical company is paying $ 263 million to settle the dispute over its role in distributing addictive pain relievers, at least within New York, J&J said.
New York attorney general Letitia James and two Long Island counties filed the lawsuits against J&J. Johnson & Johnson said the deal fits in with the company’s offer to resolve all opioid lawsuits worldwide for $ 5 billion.
A number of US pharmaceutical companies are accused of having used highly addictive opioids to circulate using aggressive methods. The opioid epidemic has killed half a million people in the United States in the past 20 years.
In NYSE trading, the J&J stock is at times 0.24 percent higher at $ 164.60.
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NEW BRUNSWICK (dpa-AFX)
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