Skip to main content

Teva's $85M Opioid Settlement Hits Another Checkpoint

Teva's $85M Opioid Settlement Hits Another Checkpoint

Teva's $85M Opioid Settlement Hits Another Checkpoint

Introduction

Teva's $85 million opioid lawsuit settlement approval has been declined by an Oklahoma judge until it complies to a new law governing how state-involved settlements are paid before it will be approved.

The suit is the nation's first trial against numerous pharmaceutical companies that make opioids, including Teva and Johnson & Johnson for an epidemic of painkiller abuse. The allegations also cover multiple companies that Teva has acquired over the years, including Cephalon Inc. and Actavis Generics. Following the lawsuit, Teva announced its $85 million settlement in May, just before the trial began. In a similar trial held in March, OxyContin maker Purdue Pharma LP made a settlement of $270 million.

U.S. District Judge Dan Polster is presiding over more than 1,900 suits filed by U.S. cities and counties of which more than 1,600 cases are filed largely by local governments, Native American tribes, and hospitals. The first trial in the MDL No. 2804 is set to start in October 2019.

Comments

Restricted HTML

  • Allowed HTML tags: <a href hreflang> <em> <strong> <cite> <blockquote cite> <code> <ul type> <ol start type> <li> <dl> <dt> <dd> <h2 id> <h3 id> <h4 id> <h5 id> <h6 id>
  • Lines and paragraphs break automatically.
  • Web page addresses and email addresses turn into links automatically.

Latest News

NC to Get $150M to Boost Opioid Treatment, Recovery

Categories: Opioids

North Carolina will receive an additional $150 million from Purdue Pharma and the Sackler family as part of a national $7.4 billion settlement related to the opioid

SRI Gets FDA OK for High-Dose Naloxone Trial

Categories: Opioids

SRI has received authorization from the U.S. Food and Drug Administration (FDA) to begin Phase 1 clinical trials of a new, high-dose injectable naloxone formulation.

The approval was granted under an Investigational New Drug (IND)…

Spokane County to Get $5M in New Opioid Settlement

Categories: Opioids

Jurisdictions within Spokane County are set to receive nearly $4.7 million as part of a sweeping $7.4 billion nationwide settlement with Purdue Pharma and its owners, the Sackler family.

The agreement addresses the company’s role in fueling…

✍️ FREE—3000 Pages Medical Record Review Trial!                
No Contract. No Risk—Fully Customized, Free!

Only 10 Firms Accepted—Offer Ends June 30!