CVS, drugmakers settle Florida opioid lawsuit for $860M

CVS and pharmaceutical corporations pays Florida a mixed $860 million as a part of the settlement of an opioid epidemic case, state officers mentioned Wednesday.

Florida Attorney General Ashley Moody mentioned CVS Health Corp. and CVS Pharmacy Inc. pays the state $484 million. Teva Pharmaceuticals Industries Ltd. agreed to pay $195 million and Allergan PLC greater than $134 million.

In addition, Teva will present to Florida about $84 million of its Narcan nasal spray used to deal with overdose victims. Another firm, Endo Health Solutions, can be settling for $65 million, Moody mentioned.

“The opioid epidemic is wreaking havoc on Florida families,” Moody mentioned in a information launch. “The monies secured from CVS, Teva, Allergan and Endo will help further our efforts to remediate the harm and suffering of Floridians.”

The cash from CVS, Moody added, can be divided between the state and Florida cities and counties, which have been beset by opioid overdoses and illicit drug use throughout the “pill mill” epidemic of a decade in the past. The cash have to be spent on tackling the opioid disaster.

CVS store
Money from CVS and others with be spent tackling the opioid disaster.
SOPA Images/LightRocket by way of Gett

The opioid epidemic has been linked to greater than 500,000 deaths within the US over the previous 20 years, counting these from prescription painkillers similar to OxyContin and generic oxycodone in addition to illicit medicine similar to heroin and illegally produced fentanyl.

In the 2010s, state and native governments filed hundreds of lawsuits in opposition to corporations that make and distribute the medicine searching for to carry them accountable. A handful of instances have gone to trial, however many extra have been settling, significantly during the last yr.

The Florida settlements go away solely Walgreens Co. as a defendant in a lawsuit set for trial April 5 in Pasco County Circuit Court. Florida has beforehand obtained thousands and thousands of {dollars} in opioid settlements involving McKesson Corp., Cardinal Health Inc., Johnson & Johnson Inc. and AmerisourceBergen Corp.

Teva Pharmaceuticals
Teva will present Florida with about $84 million of its Narcan nasal spray used to deal with overdose victims.
Bloomberg by way of Getty Images

OxyContin maker Purdue Pharma has a tentative nationwide deal that features $6 billion in money from members of the Sackler household who personal the corporate; drugmaker Johnson & Johnson and the distributors AmerisourceBergen, Cardinal Health and McKesson have finalized settlements totaling $26 billion.

Other drugmakers, together with Teva and Endo, have been settling state-by-state as they did in Florida.

In all, settlements, civil and prison penalties since 2007 have totaled over $45 billion, in accordance with an Associated Press tally.

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