Teva Pharmaceuticals will pay New York up to $523M for its role in the opioid crisis — raising the total amount the state's AG's office has secured to over $2B as part of its effort 'to put an end to the havoc wreaked by opioid manufacturers.'
Teva Pharmaceuticals agreed Thursday to pay New York up to $523 million to resolve claims in its role in the opioid crisis. | George Widman/AP PhotoALBANY, N.Y. — Teva Pharmaceuticals will pay New York up to $523 million to resolve claims against the company for its role in the opioid crisis.with Teva Pharmaceuticals, Ltd., its American subsidiary Teva Pharmaceuticals USA and its affiliates. It comes nearly one year afterfor helping to fuel opioid addictions and overdose deaths in New York.
“I made a promise to put an end to the havoc wreaked by opioid manufacturers in New York and across the nation and to hold them accountable for the consequences,” James said in a statement. “This is a landmark day in our battle against the opioid crisis.”New York will receive more than $313 million as part of Thursday’s Teva New York Agreement, according to the AG’s office.
It also resolves administrative charges of insurance fraud that the state Department of Financial Services brought against Teva, James’ office noted.
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