Florida Reaches $878 Million Opioid Settlements With CVS, Teva, Others

Florida Reaches $878 Million Opioid Settlements With CVS, Teva, Others
A logo of CVS Health is displayed on a monitor above the floor of the New York Stock Exchange shortly after the opening bell in New York, on Dec. 5, 2017. Lucas Jackson/Reuters
Reuters
Updated:

Florida has reached more than $878 million in settlements with CVS Health Corp and three drug companies to resolve claims and avert a trial next month over their roles in fueling an opioid epidemic in the third most populous U.S. state.

CVS will pay $484 million, Teva Pharmaceutical Industries Ltd will pay $194.8 million, Abbvie Inc’s Allergan unit will pay $134.2 million and Endo International Plc will pay $65 million, Florida’s attorney general Ashley Moody said in a statement on Wednesday.