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Israeli drug company Teva reaches $4.3 billion settlement in US opioid suits

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27.07.2022

AP — The Israeli drug company Teva announced Tuesday that it has agreed to contribute more than $4.3 billion in cash and medications to settle lawsuits in US state and local governments and with Native American tribes that claimed the company contributed to the US opioid epidemic.

The deal in principle would rank among the larger ones so far in a yearslong trend of companies settling the complicated lawsuits over the toll from an addiction and overdose epidemic, which has been linked to hundreds of thousands of deaths in the US over the last two decades.

In their lawsuits, state governments and others claimed Teva promoted Actiq and Fentora, prescription opioids approved to treat cancer pain, plus generic opioids including oxycodone for use for non-cancer purposes. The states also said the company downplayed the addiction risks and encouraged doctors to continue to increase the doses they prescribed. The states claimed the company and its distributor, Anda, failed to comply with requirements on monitoring and reporting suspicious orders.

The multibillion-dollar settlement is to be paid over 13 years, with most of the money going to fight the opioid epidemic. The settlement includes providing up to $1.2 billion worth of naloxone, a drug that reverses overdoses, at no charge —........

© The Times of Israel


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