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The $117 million deal involving Johnson & Johnson and its subsidiary Ethicon Inc. is the fourth-largest consumer protection health fraud multi-state settlement in U.S. history.
"Companies should never be allowed to freely mislead the public, especially when there are health concerns involved," New York Attorney General Letitia James said.
Purdue Pharma's funding will provide naloxone kits for opioid overdose as well as training for police officers.
Avon Products Inc.'s board of directors said it expects to respond within a week to competitor Coty Inc.'s revised offer.