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On March 21, Teva reached a $100 million settlement with the U.
S.
state of Rhode Island to settle claims related to opioid addiction
.
Teva will pay Rhode Island $21 million in cash over 13 years and $78.
Teva has been facing legal action in several U.
S.
states, alleging that the company has fueled the opioid crisis by deceiving millions of Americans through deceptive marketing
.
The massive increase in the number of victims of opioids has increased the burden on cities in terms of medical care and law enforcement, resulting in a serious public health security crisis
It is reported that in 2018, Teva agreed to pay Louisiana $15 million and donated generic drugs Narcan and Suboxone worth $3 million; in 2019, Teva reached a similar agreement with Ohio, agreeing to pay $20 million in cash and Donated $25 million worth of Suboxone; just recently, Teva also struck a deal with the state of Texas to pay $150 million in cash over 15 years and donated $75 million worth of generic drug Narcan
.
In a statement, Teva mentioned that the agreement with the government is not an acknowledgement of all responsibility, but is to help victims affected by the opioid crisis
.
Teva will defend herself in court against lawsuits in areas where settlements have not yet been reached
Not only Teva is facing an opioid lawsuit, but so is AbbVie subsidiary Allergan, for which AbbVie will pay New York State $7.
5 million to settle Allergan's claims
.
In February, the three largest distribution companies, Amerisource Bergen, Cardinal Health and McKesson, agreed on a nationwide settlement
Reference source:
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Teva reaches $100M settlement with Rhode Island for decade of anti-narcotic drugs and $21M cash