J&J reaches opioid settlement with holdout state New Mexico

FILE PHOTO: FILE PHOTO: FILE PHOTO: The Johnson & Johnson logo is displayed on a screen on the floor of the NYSE in New York

(Reuters) - Johnson & Johnson on Friday said it had agreed to pay $44 million to resolve claims that it fueled the opioid epidemic in New Mexico, a state which originally opted against participating in a nationwide settlement resolving thousands of similar cases.

The drugmaker said the $44 million was consistent with the terms of a proposal for J&J and drug distributors McKesson Corp, AmerisourceBergen Corp and Cardinal Health Inc to pay up to $26 billion to resolve the cases nationally.

(Reporting by Nate Raymond in Boston; Editing by Leslie Adler)

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