Teva Reaches Agreement With Florida to Settle the State's Opioid-Related Claims

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Mar 30, 2022

Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) and its affiliates, has reached an agreement with the Attorney General of Florida that settles the state’s and its subdivisions opioid-related claims. The settlement will provide Florida $177 million over 15 years, as well as life-saving medicine generic Narcan® (naloxone hydrochloride nasal spray), valued at $84 million (wholesale acquisition cost), over 10 years.