Teva Pharmaceuticals to pay $4.2 billion opioid settlement; New York to get $523 million
NEW YORK -- One of the world's major drug makers will pay New York $523 million as part of a nationwide settlement in the opioid crisis.
State Attorney General Letitia James said the agreement with Teva Pharmaceuticals is the largest settlement she's reached with an individual opioid defendant.
In all, Teva will pay $4.2 billion to end trials across the country. The money will be paid out over 18 years. Teva also agreed to stop producing high-dose opioids.
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