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$523 million dollar opioid settlement reached between New York and Teva

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A settlement was finally reached between New York State and drug manufacturer, Teva, for the major legal battle over opioid production and distribution.


Governor Kathy Hochul released a statement regarding the topic.

“We are holding Teva Pharmaceuticals accountable for its role in the opioid crisis and the irreparable harm it has done to New Yorkers, their families, and their communities,” Hochul said, according to Rochester First.

“This company misrepresented its products for decades, flooding the market with dangerous prescription drugs and endangering countless lives,” she added.

The state will receive around $313 million from the settlement which was just settled on Thursday.

The settlement was paid after a jury found Teva liable for the part they played in the opioid crisis back in December.

Another $210 million from the global settlement will be paid for a settlement reached in July.

New York has received over $2 billion altogether from cases against opioid manufacturers.

New York Attorney General Letitia James started the lawsuits in July of 2019.

Money being given to the state will be used for addiction treatment and prevention efforts.

The goal is for the state to “rebuild and recover” following the damage the state has felt from the opioid crisis.

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