Texas to benefit from $4.25B settlement with opioids maker, state’s attorney general Paxton says - KPRC2 Texas
Though Paxton said the critical details of the settlement remain the subject of ongoing negotiations, a news release from Paxton’s office said Teva disclosed the key financial terms in its earnings announcement. Texas previously entered into awith Teva, which includes a provision that allows the state to benefit if those terms are more favorable.
The states alleged that Teva promoted potent, rapid-onset fentanyl products for use by non-cancer patients, deceptively marketed opioids by overstating their benefits and downplaying the risk of addiction and failed to comply with suspicious order monitoring requirements.Teva will pay a maximum of $4.25 billion in cash over 13 years.
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