San Francisco Reaches $58 Million Opioid Settlement With Teva, Allergan

San Francisco Reaches $58 Million Opioid Settlement With Teva, Allergan
The logo of Teva Pharmaceutical Industries is seen in Tel Aviv, Israel, on Feb. 19, 2019. Amir Cohen/Reuters
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Teva Pharmaceutical Industries and AbbVie’s Allergan unit on Tuesday reached a $58 million settlement with the city of San Francisco just before completion of a trial over claims that they fueled an opioid epidemic in the city.

Under the deal announced by City Attorney David Chiu, Israel-based Teva will pay $25 million in cash and contribute a $20 million supply of the overdose-reversal drug Narcan. AbbVie will pay $13 million.