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TEVA - Wall Street Breakfast: J&J Gains After Favorable Opioid Ruling
Teva Pharmaceutical Industries Limited American Depositary Shares
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An Oklahoma district court ordered Johnson & Johnson (JNJ) to pay $572M over its role in the opioid epidemic there. One-time co-defendants Purdue Pharma and Teva Pharmaceutical Industries (TEVA) settled earlier for $270M and $85M, respectively. Shares are up 2% in premarket action as some had been imagining a fine of $5B or more. The three major drug wholesalers - McKesson (MCK), AmerisourceBergen (ABC) and