New York secures more than $500 million from opioid settlement
Teva Pharmaceuticals is paying $523 million to the state for the company’s role in fueling the opioid crisis.
New York Attorney General Letitia James said in a statement Teva misinformed New Yorkers and did not disclose the high risk of opioid addiction. Teva is paying just over $4 billion to states across the U.S. Money from opioid settlements goes toward drug prevention and treatment programs.
James has secured more than $2 billion during her term to combat the opioid crisis, the largest amount an attorney general has collected.
“Teva knowingly and intentionally misled New Yorkers and the American people about the deadly dangers of opioids, and last year, a jury found them responsible for the devastation and destruction they have caused,” James said in a statement. “You cannot put a price on lives lost, addiction suffered, and families torn apart, but with the more than $2 billion we have now delivered to New Yorkers, we can continue to rebuild and recover.