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TEVA Teva Pharmaceutical Industries Ltd

12.99
0.11 (0.85%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Teva Pharmaceutical Industries Ltd NYSE:TEVA NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.11 0.85% 12.99 13.03 12.78 12.94 8,982,074 01:00:00

Teva to Donate Buprenorphine Naloxone Valued at About $23 Billion in Opioid-Related Settlement

21/10/2019 7:43pm

Dow Jones News


Teva Pharmaceutical Indu... (NYSE:TEVA)
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By Josh Beckerman

 

Teva Pharmaceutical Industries Ltd. (TEVA, TEVA.TV) has reached a framework for a multistate settlement of opioid-related litigation, which would include donation of buprenorphine naloxone tablets with a value of about $23 billion (at wholesale acquisition cost).

Teva would also provide a cash payment of up to $250 million over 10 years.

Teva said an agreement in principle includes attorneys general from North Carolina, Pennsylvania, Tennessee and Texas, as well as certain defendants.

Attorneys said earlier Monday that Teva and three other companies agreed to a settlement with two Ohio counties.

 

Write to Josh Beckerman at josh.beckerman@wsj.com

 

(END) Dow Jones Newswires

October 21, 2019 14:28 ET (18:28 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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