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Amid Opioid Crisis, Big Pharma Reaches Settlement with Multiple States


Deal will pay $19 billion to states accusing companies of contributing to the issue.

A prescription pill bottle spilling out an assortment of pills. Image Credit: Adobe Stock Images/Burlingham

Image Credit: Adobe Stock Images/Burlingham

In an agreement with numerous states, Teva, Allergan, CVS and Walgreens have stated that enough states agreed to the payout, making the arrangement possible. The disbursement is expected to add billions to numerous communities.

Reference: Pharmaceutical Giants Set $19 Billion Opioid Settlement as States Debate How to Spend It. The Wall Street Journal. June 9, 2023. Accessed June 12, 2023. https://www.wsj.com/articles/pharmaceutical-giants-set-19-billion-opioid-settlement-as-states-debate-how-to-spend-it-aa8a918e

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