opioid settlement News

Teva Pharm Expects to Start Paying U.S. Opioid Settlement in 2023: CEO

Teva Pharmaceutical Industries expects to finalize an opioid settlement in the United States by year-end and start paying in 2023, its chief executive said on Sunday, while confirming he was unlikely to renew his contract next year. After years of …

West Virginia Cities, Counties Reach $400M Settlement with Drug Firms

West Virginia cities and counties reached a $400 million tentative settlement with three major U.S. drug distributors, lawyers announced Monday. In a lawsuit in state court, the cities and counties accused the distributors of fueling the opioid epidemic. The companies …

Walgreens Settles Florida Opioid Lawsuit for $683 Million

The Walgreens pharmacy company has reached a $683 million settlement with the state of Florida, halting a trial over state claims that the company improperly dispensed millions of painkillers that contributed to the opioid crisis, state and company officials said …

Teva Pharma Sees Nationwide U.S. Opioid Settlement in 2022

Teva Pharmaceutical Industries believes it would have to pay around $2.6 billion in cash and medicine to settle thousands of lawsuits alleging it and other drug companies fueled the U.S. opioid epidemic. On the heels of two more state settlements …

Rhode Island Reaches $107M Opioid Settlements With Teva and Allergan

Rhode Island’s attorney general on Monday announced settlements he valued at $107 million against the drugmakers Teva Pharmaceutical Industries and AbbVie’s Allergan unit to resolve claims over their roles in fueling an opioid epidemic in the state. Attorney General Peter …

Teva, Texas Agree to Opioid Settlement Worth $225 million

Teva Pharmaceutical Industries Ltd has reached a settlement worth $225 million to resolve claims the drugmaker fueled an opioid epidemic in Texas by improperly marketing addictive pain medications, the state’s attorney general said on Monday. Texas Attorney General Ken Paxton …

Sacklers Close to Agreement Increasing Opioid Settlement in Purdue Bankruptcy

Members of the Sackler family who own Purdue Pharma LP are nearing an agreement to boost their more than $4 billion offer to resolve sprawling opioid litigation after negotiating with states that had objected to terms of the OxyContin maker’s …

New York AG Says State to Receive $230M From $26B Opioid Settlement

New York Attorney General Letitia James said the state will receive the maximum amount of $230 million available under the $26 billion settlement agreement.with the nation’s three major pharmaceutical distributors — Cardinal, McKesson, and AmerisourceBergen — and Johnson & Johnson …

In About-Face, Georgia Joins $26 Billion Opioid Settlement

The state of Georgia has decided to join a proposed $26 billion nationwide settlement resolving lawsuits alleging that three large drug distributors and the drugmaker Johnson & Johnson fueled the deadly U.S. opioid epidemic. Friday’s announcement by Georgia Attorney General …

3 Largest Opioid Distributors to Pay Native American Tribe $75M to Settle Claims

The three largest U.S. drug distributors will pay more than $75 million to resolve claims they fueled an opioid epidemic in the Cherokee Nation’s territory in Oklahoma, marking the first settlement with a tribal government in the litigation over the …