Home World News UPDATE 2-Teva Pharm to pay Oklahoma $85 mln to settle opioid claims

UPDATE 2-Teva Pharm to pay Oklahoma $85 mln to settle opioid claims

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UPDATE 2-Teva Pharm to pay Oklahoma $85 mln to settle opioid claimsBOSTON/JERUSALEM, May 26 (Reuters) – Teva Pharmaceutical Industries Ltd said on Sunday it had agreed to pay an $85 million settlement with the state of Oklahoma days before the company was set to face trial over allegations that it and other drugmakers helped fuel the U.S. opioid epidemic. Teva, the world’s largest generic drugmaker, said the settlement “does not establish any wrongdoing on the part of the company” and denied contributing to opioid abuse in Oklahoma. Claims against Teva focused on the branded opioid products Actiq and Fentora as well as generic painkillers it produced.

Source: Yahoo.com