Teva Pharmaceuticals, one of the world’s largest generic drug manufacturer, has reached an agreement in principle to settle all outstanding lawsuits over their alleged involvement in the national opioid crisis for $4.35 billion, according to a Teva press release.
This payout includes a commitment to supply $1.2 billion worth of Narcan, a drug that reverses opioid overdose, over the next ten years, the release states. The $4.25 billion will be distributed over the next 13 years, with $100 million being earmarked for Native American Tribes.
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