Teva Pharmaceutical Industries News

Teva Says Opioids Settlement to Move Forward

Israeli drugmaker Teva Pharmaceutical Industries Ltd said there was sufficient participation from U.S. states and local authorities to move forward with its nationwide settlement agreement to resolve opioid-related claims and litigation. Teva said on Monday it has either already settled …

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 …

First Zantac Case Dropped Before Trial After Some Payouts

A lawsuit against makers of Zantac was dropped this week just ahead of trial, people familiar with the matter said, after a series of settlements with some of the drugmakers involved. Generic drugmakers Teva Pharmaceutical Industries Ltd., Perrigo Co., Sun …

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 …

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 …

Teva to Pay $420M to Settle Shareholder Suit Over Generic Drug Pricing

Teva Pharmaceutical Industries Ltd. has agreed to pay $420 million to settle shareholder litigation alleging the company hid an anti-competitive scheme to fix the price of generic drugs. The settlement was disclosed on Tuesday in papers filed in federal court …

West Virginia Lawsuit Against Opioid Makers Scheduled for April 2022 Trial

A lawsuit filed by the state of West Virginia accusing several drug manufacturers of misrepresenting the risks of their painkilling drugs will go to trial next April, Attorney General Patrick Morrisey said Thursday. The Mass Litigation Panel, a group of …

44 States Sue Drug Maker Teva, Alleging Price Fixing Scheme with 19 Other Firms

U.S. states filed a lawsuit accusing Teva Pharmaceuticals USA Inc. of orchestrating a sweeping scheme with 19 other drug companies to inflate drug prices – sometimes by more than 1,000% – and stifle competition for generic drugs, state prosecutors said …

Lawyers Expect Wave of Litigation Targeting Popular Heart Drugs

Dozens of lawsuits have been filed against drug makers and sellers over widely prescribed generic heart medications tainted with potential carcinogens, the first claims in what some lawyers expect to be a wave of litigation. Millions of Americans have taken …

Kentucky AG Files 8th Opioid Lawsuit Against Pharmaceutical Company

Kentucky Attorney General Andy Beshear has sued a pharmaceutical company, accusing it of contributing to the state’s opioid epidemic. Beshear says he has sued Pennsylvania-based Teva for marketing its products to treat chronic pain despite the drugs being approved for …