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New York reaches $1.1 billion settlement with opioid distributors

New York reached a $1.1 billion settlement on Tuesday with three of the country's largest drug distributors for their alleged role in the opioid epidemic, New York Attorney General Letitia James said.

The big picture: The settlement comes as the three companies — McKesson, Cardinal Health, and Amerisource Bergen — as well as Johnson & Johnson near a $26 billion deal with states and municipalities that would settle thousands of lawsuits related to the opioid crisis, the New York Times reports.

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