Teva, Allergan Reach $161.5 Million Opioid Settlement With West Virginia

Teva, Allergan Reach $161.5 Million Opioid Settlement With West Virginia
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 reached a settlement worth $161.5 million to resolve claims the companies fueled an opioid epidemic in West Virginia, state attorney general Patrick Morrisey said Wednesday.

The agreement is the largest state-negotiated settlement in West Virginia history, and consists of $134 million in cash plus the contribution of drugs used to treat opioid overdoses, Morrisey said.