Te­va set­tles with Louisiana for $18M over opi­oid claims; Video game treat­ment churns out PhII re­sults

Te­va Phar­ma­ceu­ti­cals is pay­ing the state of Louisiana $15 mil­lion in cash over the next 18 years, in ex­change for be­ing re­leased from law­suits over the state’s opi­oid claims.

As part of the agree­ment, Te­va will al­so do­nate $3 mil­lion in opi­oid ad­dic­tion re­cov­ery drugs — con­tin­gent up­on be­ing re­leased from all Louisiana law­suits by Nov. 2.

As the US-based sub­sidiary for Is­rael’s Te­va Phar­ma­ceu­ti­cal In­dus­tries, Te­va has been fac­ing le­gal pro­ceed­ings in a num­ber of US states, in­clud­ing New York and Cal­i­for­nia, amid claims that the com­pa­ny en­gaged in mis­lead­ing mar­ket­ing of opi­oids and down­played the risks of opi­oid ad­dic­tion.

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