Multibillion-dollar settlements in pharma are a rare occurrence, but things are changing rapidly. Only weeks ago, two drugmaker deals were floated that would rank among the biggest ever if they are eventually approved.
The first—a whopping $23 billion deal from Teva to end thousands of state and local opioid lawsuits—would simply (and laughably) blow every other settlement out of the water. The largest deal ever approved was Merck’s $4.85 billion agreement in 2007 to settle thousands of suits against its arthritis drug Vioxx.
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