The owners of the New England Compounding Center and their insurers have reached an agreement in principle to pay more than $100 million to a fund for victims and other creditors of the pharmacy, which formulated tainted products that have been linked to 64 deaths and the illnesses of at least 700 other people.
The settlement, announced in this press release, was reached in the course of the pharmacy’s bankruptcy proceedings in Boston. The actual settlement has not yet been filed with the court.
