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September 01, 2020 10:27am
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Endo Stock Surges 17% Following Settlement Agreement

Endo Stock

Endo International plc (NASDAQ:ENDP) has agreed to pay a $10 million USD settlement in a landmark opioid case, boosting Endo stock 17%.

Fueling the Opioid Crisis?

The settlement stems from a lawsuit brought against Endo International and fellow drug manufacturer Allergan plc (NYSE:AGN), by two Ohio counties that have accused various drug manufacturers from fueling the US opioid crisis. Both companies were due to go to trial in October, but have now avoided that court date following today’s settlement. Endo confirmed that it will pay $10 million USD in damages to the counties of Cuyahoga and ...

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