Attorney General Confirms to Counties: Four More Opioid Companies Closer to Payouts, Additional Pending

A total of eight companies now confirmed to make payments to participating jurisdictions in Maryland with CVS, Caremark, and Aetna yet to come. 

pills tumble from a prescription bottleIn a letter this week from Attorney General Brown to counties, jurisdictions were informed of the process for the second round of opioid settlement funds to be distributed to local governments across Maryland. According to the notice, Counties have until April 18th, 2023 to confirm their participation in the next four settlements.

This round of agreements with Teva Pharmaceuticals, Allergan plc, Walmart, and Walgreens will bring the total number to eight organizations paying out restitution funds to Maryland. As reported on the Conduit Street Blog back in November, twenty-three county jurisdictions participated in the first round of settlements reached with Johnson & Johnson, and McKesson, Cardinal Health, and Amerisource Bergen.

Total value of payments from this second round are forthcoming, but preliminary estimates for Walgreens alone (from last year, nationwide) were estimated at $5B. The initial round confirmed the receipt of $395M coming to Maryland over eighteen years, with seventy percent of the total funds to go directly to local jurisdictions. Amounts paid out to counties from the first $60M received last year can be found in the November Conduit Street Blog post.