The sprawling opioid litigation confronting drug makers and distributors is likely to take years to resolve, but cost less than the infamous lawsuits that were filed against Big Tobacco and, not surprisingly, will hurt some companies more than others, a new credit analysis suggests.

For the moment, the litigation is still in the early stages and the first trials are not scheduled until September 2019. But despite the uncertainty, any potential settlement is expected to be “considerably lower” than the $206 billion deal reached with the four largest U.S. cigarette makers in 1998, according to analysts at S&P Global Ratings.

Unlock this article by subscribing to STAT Plus and enjoy your first 30 days free!

GET STARTED

What is it?

STAT Plus is STAT's premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond.

What's included?

  • Daily reporting and analysis
  • The most comprehensive industry coverage from a powerhouse team of reporters
  • Subscriber-only newsletters
  • Daily newsletters to brief you on the most important industry news of the day
  • Online intelligence briefings
  • Frequent opportunities to engage with veteran beat reporters and industry experts
  • Exclusive industry events
  • Premium access to subscriber-only networking events around the country
  • The best reporters in the industry
  • The most trusted and well-connected newsroom in the health care industry
  • And much more
  • Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr.

Leave a Comment

Please enter your name.
Please enter a comment.

  • To reduce the usage of opioids and addiction consider acupuncture which is a non-invasive medical procedure for pain management and addictions.

  • These law suits are only geared to put money in the governments and lawyers pockets. How many families of the suits against the cigarette companies did actual people that lost their families to smoking get any money from the lawsuits. My father died from lung cancer and we didn’t get a dime. This is all about the government and lawyers taking in as much money as they can. It isn’t about the addicts, it is all about government greed.

A roundup of STAT’s top stories of the day in science and medicine

Privacy Policy