Teva Pharma (TEVA) Announces Nationwide Opioids Settlement

Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today confirmed a sufficient level of participation to move forward with its nationwide settlement agreement to resolve opioid-related claims and litigation by states, cities, counties, and other subdivisions in the United States. Teva has either already settled with or confirmed participation from 48 of the 50 states and will continue to pursue participation by those states that have yet to join. The sign-on process for the states’ subdivisions will now begin. Given the very positive response from states, the Company remains optimistic that the nationwide settlement will garner similar support from the states’ subdivisions.

As previously announced, Teva has reached an agreement with the working group of States’ Attorneys General and plaintiffs’ lawyers representing the states and subdivisions, on the nationwide opioids settlement. While the agreement will include no admission of wrongdoing, it remains in the Company’s best interest – and in the interest of those impacted by the opioid crisis – to settle these cases and to continue to focus on the patients Teva serves every day.

You May Also Be Interested In

• Extra Space Storage names Noah Springer as next CEO
• Innovative Eyewear to place Lucyd Armor in 150+ big box stores
• Aurinia settles patent dispute with Teva over generic voclosporin