Johnson & Johnson (JNJ) announced on Friday that it has agreed to settle the opioid epidemic case with New Mexico by paying $44 million. Shares of the global drug maker closed at $167.84 on January 14. New Mexico had originally ruled out of participating in a nationwide settlement resolving several similar cases. JNJ said the $44 million was consistent with the terms of a proposal for J&J as well as other drug makers McKesson Corp. (MCK), AmerisourceBergen Corp. (ABC), and Cardinal Health Inc. (CAH). These drug manufacturers have collectively decided to pay up to $26 billion to resolve the cases across the U.S.
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