Tag Archives: Billion

Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid lawsuits: sources

(Reuters) – OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for $ 10 billion to $ 12 billion, two people familiar with the matter said on Tuesday. Purdue is among several drugmakers and distributors that have been sued for… Read More »

Bayer to pay $2 billion after losing suit that claims weedkiller Roundup causes cancer

Bottles of Roundup weed killer move along the production line at the herbicide manufacturing facility operated by Monsanto. Jasper Juinen | Bloomberg | Getty Images Bayer AG on Monday was ordered by a Northern California jury to pay more than $ 2 billion to a couple who say they were diagnosed with cancer after using… Read More »

Catalent reportedly to buy Paragon Bioservices for $1.2 billion

Catalent said on Monday it would buy privately held gene therapy-focused Paragon Bioservices in an all-cash deal for $ 1.2 billion, helping the drug developer expand its capabilities to make specialized and costly treatments. Paragon, backed by private-equity firms Camden Partners and NewSpring Capital, focuses on developing and manufacturing products such as complex biopharmaceuticals for… Read More »

Johns Hopkins, Bristol-Myers must face $1 billion syphilis infections suit

(Reuters) – A federal judge in Maryland said The Johns Hopkins University, Bristol-Myers Squibb Co (BMY.N) and the Rockefeller Foundation must face a $ 1 billion lawsuit over their roles in a 1940s U.S. government experiment that infected hundreds of Guatemalans with syphilis. FILE PHOTO: Logo of global biopharmaceutical company Bristol-Myers Squibb is pictured at… Read More »