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28 July 2021
18:52 hour

Big 3 U.S. drug distributors, J&J reach landmark $26 billion opioid settlement

Investing.com

21/07/2021 - 21:29


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Related headlines:

  1. The Wall Street Journal: States, drug industry set to approve $26 billion opioid settlement this week (20/07/2021 - Market Watch)
    Thousands of opioid-crisis lawsuits filed against major drug makers and distributors are nearing a conclusion, with the outlines of a $26 billion deal between states and four companies expected to be announced this week and a $1 billion settlement to resolve some of New York’s claims likely on Tuesday, people familiar with the matter said.
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  2. U.S. is said to near $26B opioid settlement with drug distributors, J&J (20/07/2021 - Seeking Alpha)

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  3. JNJ, drug distributors favored on Street as they near $26B opioid settlement with U.S. (20/07/2021 - Seeking Alpha)

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  4. State AGs urge support for landmark $26 billion opioid settlement (21/07/2021 - Investing.com)

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  5. The Wall Street Journal: States announce $26 billion settlement to resolve opioid lawsuits (21/07/2021 - Market Watch)
    States unveiled a historic $26 billion settlement with drug companies to resolve thousands of opioid-crisis lawsuits, paving the way for communities across the country to secure a jolt of funding to address an epidemic in painkiller addiction that hasn’t abated.
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  6. Johnson & Johnson, drug distributors enter $26B opioid settlement (21/07/2021 - Seeking Alpha)

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  7. Drug distributors agree to settle over $1B claims linked to opioid crisis in New York (20/07/2021 - Seeking Alpha)

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  8. Why everyone must learn a lesson from McKinsey’s $600-mn settlement over American opioid crisis (10/02/2021 - Financial Express)
    McKinsey’s opioid-deal a vote for consultancies’ accountability
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  9. : Sackler family banned — temporarily — from putting their name on buildings as part of $4.5 billion opioid settlement (09/07/2021 - Market Watch)
    The Sacklers will also give up control of two charitable foundations that fund cancer research.
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  10. Sacklers raise opioid settlement offer to $4.3b, Reuters says (11/03/2021 - Seeking Alpha)

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  11. JNJ viewed favorably by analysts after opioid settlement with New York (28/06/2021 - Seeking Alpha)

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  12. Teva gains; company says close to opioid settlement (10/02/2021 - Seeking Alpha)

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  13. McKesson favored at Barclays despite highest payout in opioid settlement (23/07/2021 - Seeking Alpha)

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  14. Endo climbs after announcing $35 million opioid settlement in Tennessee (22/07/2021 - Seeking Alpha)

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  15. J&J to stop selling opioid meds as part of $230M settlement with New York (26/06/2021 - Seeking Alpha)

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  16. Market Extra: Up in smoke: States are using tobacco settlement money to balance their budgets. Here’s why that matters (29/06/2021 - Market Watch)
    Nearly a quarter-century since states started getting annual payouts from a landmark big-tobacco settlement, states are using the funds to plug budget holes, rather than funding prevention or treatment programs.
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  17. Judge approves Facebook's landmark $650M biometric privacy settlement (26/02/2021 - Seeking Alpha)

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  18. Drug store chains agree to pay N.Y. counties $26M over opioid claims (13/07/2021 - Seeking Alpha)

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  19. Jury trial against drugmakers, drug distributors over opioids begins in N.Y. (29/06/2021 - Seeking Alpha)

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  20. PNM Resources/Avangrid reach settlement with Texas PUC (22/03/2021 - Seeking Alpha)

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  21. The Wall Street Journal: Boy Scouts reach bankruptcy settlement with abuse-victims groups (02/07/2021 - Market Watch)
    The Boy Scouts of America reached a settlement with all the major groups of sex-abuse victims seeking compensation through the youth group’s bankruptcy proceedings, a milestone in its efforts to turn the page on its past failures to protect children.
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  22. : Pfizer’s next play: A vaccine maker and pandemic ‘partner’ to governments (04/05/2021 - Market Watch)
    Pfizer Inc.’s COVID-19 vaccine is on track to generate a whopping $26 billion in sales this year, making it the drug maker’s top-selling drug and forging a new path into infectious diseases for the legacy drug maker.
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  23. Semi-annual health insurance report released by ZhongAn shows that its waiting time for claim settlement decreases by 55% year-on-year (07/07/2021 - Reddit Stock Market)
    On July 5, ZhongAn Insurance released the 2021 ZhongAn health insurance claim settlement service semi-annual report (hereinafter referred to as the "semi-annual report"), which showed that with the power of science and technology, ZhongAn health insurance claim settlement has realized 94% of online claims applications, and the waiting time for customers to receive claims has decreased by 55% year-on-year. Through ZhongAn's "intelligent claims" system, a claim is settled every 42 seconds. ZhongAn Insurance also establishes an exclusive channel for claim settlement cases of RMB 10,000 yuan or less -- "one-day claim". 99% of the claims that meet the standard receive quick claim settlement within 24-hour time limit, which greatly improves efficiency. According to the introduction of ZhongAn Insurance, since opening of the "medical + drug + insurance" health layout, its form of claim settlement service has also changed accordingly. It has been integrated into medical service, drug service and health management service, as well as the whole process of health management from consultation to postoperative care. Starting from Internet insurance, ZhongAn has laid out in advance in the big health field as early as 2019. It has opened the channel of Internet insurance and medical treatment, connected hospitals, drug suppliers and third-party health management service institutions, and established a closed loop of medical treatment services for policyholders. Based on the closed-loop service, ZhongAn insurance claim settlement service extends to the whole process of policyholders' before-, during- and after- illness stages, covering the whole chain of "consultation - treatment - payment - medication - nursing" required by patients' health management. It has created a new model of "service-oriented claim settlement". According to the semi-annual report, ZhongAn Internet Hospital offers 7*24 of one-to-one video consultation, with the fastest response time of 3 seconds. Its Green Channel services for serious diseases cover 31 provinces, more than 100 cities and more than 900 hospitals. At the same time, by the first half of 2021, ZhongAn health insurance inpatient medical advances have covered more than 2,000 hospitals nationwide, provided inpatient medical advances for more than 10,000 times in total, and opened a green channel for more than 1,000 people with serious diseases. The special drug payment network covers more than 300 major cities in China, and after application customers can get drugs within 1.5 hours at the soonest. Source: bbtnews.com translated by InsurView   submitted by   /u/InsurViewChina [link]   [comments]
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  24. : Apple hit with landmark antitrust charges in Europe over App Store practices (30/04/2021 - Market Watch)
    Apple has been charged with abusing its dominant position in the music-streaming market by imposing restrictive rules on the App Store, in a landmark move by European Union regulators.
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  25. Webull estimated settlement date keeps shifting (12/07/2021 - Reddit Stocks)
    Last week I sold some securities (I'm on a Webull margin account) and my estimated settlement date keeps shifting. I sold on 07/07 and had an original estimated settlement date of 07/12. Couple days later it was set at 07/13. This morning, it is at 07/14. I was under the impression I'd be able to withdraw once it hit that T+2 settlement period. I would really like to withdraw that money into my bank account but I'm concerned it will keep getting pushed out. Does anyone know what is going on here? Anyone have any similar experiences? Thanks a ton.   submitted by   /u/enlou [link]   [comments]
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  26. Time to Position for 2nd Quarter (29/03/2021 - Reddit Stocks)
    Here are my top picks for Q 2: CC: strong earnings rebound underway. Stock is cheap based on estimates which are too low. Look forward company to beat expectations and stock to get re-rated higher. IEC: company is doing everything right. Strong growth throughout Covid. Wall Street ignores the stock due to small mkt cap and only 10.6 million shares outstanding. Top and bottom line growth again this year. This $13 stock can break $20 with a little retail interest and P/E expansion to market multiple. OC: Still trades at a huge discount to mkt despite strong earnings and even better outlook. If there is a better/cheaper play in both reopening and red hot housing mkt, I haven’t found it! TEVA: Trades at a crazy low PE multiple due to overly pessimistic Opioid concerns. CEO is engineering a trifocals turnaround and as trial dates get set post-Covid the pressure will be on to finally reach a long-delayed settlement. Stock will soar in that news or even a hint that it is coming! I’ve enjoyed a double digit gain in my portfolio YTD and expect these 4 to be big drivers in the next quarter and beyond!   submitted by   /u/dhilowitz3 [link]   [comments]
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  27. SK Innovation shares rise 16.8% after $1.8 billion battery settlement (12/04/2021 - Investing.com)

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  28. TTK Prestige concludes long-term settlement with workers at Gujarat plant (01/06/2021 - Money Works 4 Me)
    The company, however, did not share the details of the settlement
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  29. CBIZ reaches settlement with UPMC for a one-time settlement of $41.5M (30/06/2021 - Seeking Alpha)

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  30. Why are investors so bearish on TRVN reverse stock split? (26/07/2021 - Reddit Stocks)
    I've been bag holding a very small position on TRVN for a while. There opioid replacing drug seems like a good long term speculative play. I've been considering averaging down with the price going so low and just wondering what smarter think about this stock and why investors are so bearish on the stock split reversal.   submitted by   /u/Stubtronics101 [link]   [comments]
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  31. : BMW, VW, Audi and Porsche fined $1 billion in landmark case colluding over emissions (08/07/2021 - Market Watch)
    The car makers illegally colluded to restrict competition in emission cleaning technology for diesel cars, according to the European Union.
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  32. Biogen- BIIB (07/06/2021 - Reddit Stocks)
    Check out Biogen! Their Alzheimer drug just got approved by the fda! First drug to slow down early Alzheimer’s. Trading has been halted for an hour!! Shorts are going to get burned bad! The company already has net income of over 2 billion! Get in when you can, this could be huge! Good luck. ????   submitted by   /u/valueinvesting24 [link]   [comments]
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  33. : NIO is making a landmark push outside of China into this electric-vehicle-obsessed country (06/05/2021 - Market Watch)
    Chinese electric-vehicle company NIO will make a landmark move later this year by pushing into its first market outside of China, the company said on Wednesday.
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  34. : NIO is making a landmark push outside of China into this electric-vehicle-obsessed country (06/05/2021 - Market Watch)
    Chinese electric-vehicle company NIO will make a landmark move later this year by pushing into its first market outside of China, the company said on Wednesday.
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  35. : NIO is making a landmark push outside of China into this electric-vehicle-obsessed country (07/05/2021 - Market Watch)
    Chinese electric-vehicle company NIO will make a landmark move later this year by pushing into its first market outside of China, the company said on Wednesday.
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  36. HRTX Summer Pop (02/06/2021 - Reddit Stocks)
    HRTX Summer Marketing DD TLDR; $HRTX marketing this summer could be huge . PT low of 22 and high of ~70 by Q3 . Rated buy. Currently sits at 13.40 Heron Therapeutics recently had their newest medication , ZYNRELEF, approved by the FDA and are planning on pushing out the product THIS summer. Helps that they just got $150m to do it with too Drug info provided by website: “ZYNRELEF is the first and only extended-release dual-acting local anesthetic (DALA). Its formulation combines bupivacaine, an amide-type local anesthetic, with a low dose of meloxicam, a nonsteroidal anti-inflammatory drug (NSAID). They work synergistically in a novel Biochronomer® extended-release polymer that provides controlled diffusion of both ingredients simultaneously over 72 hours at the surgical site.1-5 ZYNRELEF is the only local anesthetic considered by FDA to be extended-release, based on superiority to bupivacaine through 72 hours.” TLDR ^ non-opioid painkiller for post-surgery pain They’ve also revamped their website and added more info on ZYNRELEF. I see this as incredibly bullish and look forward to Q3 earnings. Edit: Adding on, they’ve priced their product at a lower price than competitors. This will surely give them more exposure due to being the less expensive medication. Ethically speaking, they also will aid in stumping the opioid addiction that many painkillers cause. HRTX Provided Slides from conference today (6/1) I’d see slide 8 for comparisons to others I’d give their website a look. What’s more, is that with the pandemic being handled, there will be more freedom and thus, more fuckers getting injured and needing surgery. You do your own research, as I take no responsibility for any of your decisions. Good luck Pos: 250 shares   submitted by   /u/FellaFromCali [link]   [comments]
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  37. LIC relaxes claim settlement requirements; offices to work five days a week from May 10 (08/05/2021 - Financial Express)
    LIC has also enabled online NEFT record creation and submission for its customers through customer portal for speedy settlement.
    [visit article]
  38. Elon Musk’s Tesla tweets violated settlement agreement (02/06/2021 - Reddit Stock Market)
    SEC officials pointed to a tweet on May 1, 2020, in which Musk said that Tesla’s stock price was “too high,” prompting a more than $13 billion decline in the company’s market value, according to the report. The SEC also pointed to Musk tweets from 2019, where he discussed solar roof production numbers without obtaining pre-approvals, the Journal said https://www.cnbc.com/2021/06/01/sec-said-elon-musk-tesla-tweets-violated-settlement-agreement-per-wsj.html   submitted by   /u/valueinvesting_io [link]   [comments]
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  39. Personal Finance Daily: The cost of the Olympics’ ‘runaway arms race’ and new hope for student loan borrowers in bankruptcy, and Mario Batali and ex-partner reach $600K settlement with sexual harassment victims (23/07/2021 - Market Watch)
    Friday's top personal finance stories
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  40. Financial Crime: Chef Mario Batali and ex-partner reach $600K settlement with sexual harassment victims (23/07/2021 - Market Watch)
    The New York attorney general found that employees at Batali's restaurants were forced to endure sexual remarks, groping and unwanted kissing
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  41. How technology is advancing in online gaming (03/04/2021 - Financial Express)
    The global gaming marketing was valued at $162.32 billion in 2020 and is expected to reach a value of $295.63 billion by the year 2026
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  42. Definite growth in the ayurvedic wellness industry all through the pandemic: Param Bhargava, KEHPL (22/07/2021 - Financial Express)
    As per a report by Research and Markets, the Ayurveda market in India was valued at INR 300 billion in 2018 and is expected to reach INR 710.87 billion by 2024.
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  43. Remdesivir shortage: Centre urges doctors to prescribe vital drug only for severe patients who are on oxygen support (14/04/2021 - Financial Express)
    Dr VK Paul who is the head of the country's Covid-19 Task Force has said that use of Remdesivir drug in home settings was unethical and other irrational prescription of the drug was unwarranted.
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  44. : Visa says it’s ‘open for business for crypto partners’ with new settlement move (29/03/2021 - Market Watch)
    Visa Inc. plans to allow for the settlement of transactions in USD Coin, a stablecoin backed by the U.S. dollar, in what the company says is a move intended to make the platform more accessible to cryptocurrency platforms and wallets.
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  45. ZOM stock, thoughts ? (05/05/2021 - Reddit Stock Market)
    Here are the relevant stats, courtesy of Zomedia: 67% of households (nearly 85 million homes) in the U.S. have at least one pet. The average life span for dogs has increased to 15.4 years, and companion animals are generally living longer. 93% of dog-owning households visit the veterinarian annually. It’s estimated that U.S. consumers were expected to have spent $99 billion on their pets in 2020. The companion animal diagnostics market is forecast to reach $2.8 billion by 2024, at a compounded annual growth rate (CAGR) of 9.8% from 2019 to 2024. In addition, the global veterinary immunodiagnostic market has been predicted to expand at a CAGR of 9.6% and reach $2.1 billion by the year 2022 https://finance.yahoo.com/news/pounce-pullback-zomedica-share-price-134839450.html   submitted by   /u/Jacobingram00 [link]   [comments]
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  46. Array (ARRY) settlement? (23/06/2021 - Reddit Stocks)
    Owned ARRY back in 2016-17, sold it, forgot about it. Got a letter in the mail the other day saying some settlement had been agreed upon and I was entitled to some small sum of money based on my having owned it during that time. If it was the usual ambulance chasing I wouldn't think twice about it, but apparently this is a real settlement already agreed upon and all one as to do is sign up and get a check. Surprising all around because I was buying a lot of overhyped biotechs during that time and this one was one of the few on which I actually made money lol. But apparently something went "arry" and lawyers were called in. Anyways, just wondering if anyone else received this notice, if it's worth it to pursue, etc.   submitted by   /u/username81251 [link]   [comments]
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  47. The Wall Street Journal: FDA approved Biogen Alzheimer’s drug despite some objections by staff (22/06/2021 - Market Watch)
    The U.S. Food and Drug Administration approved the first new Alzheimer’s drug in decades over the objection of agency statisticians who said there was insufficient evidence to support approval, according to newly released internal memos.
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  48. Bristol-Myers sued for $6.4 billion in alleged delay in seeking FDA approval for Celgene drug (03/06/2021 - Seeking Alpha)

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  49. The Wall Street Journal: Cleveland Clinic, Mount Sinai and Providence won’t give Biogen’s new Alzheimer’s drug (16/07/2021 - Market Watch)
    Three large hospitals are declining to administer Biogen Inc.’s new Alzheimer’s treatment, Aduhelm, the latest rupture to emerge from the Food and Drug Administration’s controversial approval of the drug last month.
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