Te­va reach­es $100M set­tle­ment with Rhode Is­land for decade of an­ti-nar­cot­ic drugs and $21M cash

Kåre Schultz, the top dog at Te­va Phar­ma­ceu­ti­cals, said last month on a Q4 call that the phar­ma gi­ant was con­fi­dent it could reach a na­tion­wide set­tle­ment over its role in the US opi­oid epi­dem­ic with­in a year’s time.

While to­day is not that day, Te­va can add one more state to the list of set­tle­ments the com­pa­ny has reached with in­di­vid­ual states.

The phar­ma an­nounced yes­ter­day that Te­va’s US sub­sidiary and Rhode Is­land at­tor­ney gen­er­al Pe­ter Neron­ha reached an agree­ment that would set­tle all of the state’s claims against Te­va re­lat­ed to the gener­ic play­er’s role in the US opi­oid epi­dem­ic.

Unlock this article instantly by becoming a free subscriber.

You’ll get access to free articles each month, plus you can customize what newsletters get delivered to your inbox each week, including breaking news.

SIGN UP LOG IN BECOME A PREMIUM SUBSCRIBER