Te­va and Al­ler­gan reach an­oth­er opi­oid set­tle­ment, this time for $54M with San Fran­cis­co

An­oth­er set­tle­ment in the lit­i­ga­tion of the opi­oid cri­sis has been reached.

Ac­cord­ing to David Chiu, San Fran­cis­co’s city at­tor­ney, the city reached a com­bined $54 mil­lion set­tle­ment agree­ment against both Te­va and Ab­b­Vie’s Al­ler­gan on Wednes­day. Un­der the agree­ment in prin­ci­ple, opi­oid man­u­fac­tur­ers Al­ler­gan and Te­va will pay San Fran­cis­co $34 mil­lion in cash pay­ments.

Ac­cord­ing to a state­ment from Te­va, the man­u­fac­tur­er is pro­vid­ing $24.8 mil­lion over 13 years from their end as well as $20 mil­lion worth of Nar­can over the next 10 years. Ab­b­Vie’s Al­ler­gan was not im­me­di­ate­ly avail­able for com­ment.

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