Mallinckrodt to pay $1.6B to settle opioid claims

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Generic drug manufacturer Mallinckrodt Pharmaceuticals reached a tentative deal to settle opioid claims.

Through the deal, Mallinckrodt would pay a $1.6 billion settlement and enter its generics business into Chapter 11 bankruptcy.

The settlement comes amid thousands of lawsuits in a federal case that seeks to determine who should be held financially liable for the impact of the opioid crisis.

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