UPDATED 1:40 PM PT – Thursday, May 26, 2022
Attorneys for the state of West Virginia reached a tentative multi-million dollar settlement with two drug companies for their role in the state’s opioid crisis.
Following a six week trial in Kanawha Circuit Court, West Virginia settled with Teva and Allergan for $161.5 million. According to Attorney General Patrick Morrisey, that’s the largest opioid settlement to date in state.
“We took a lot of risk to do the absolute right thing and it’s paid off for West Virginia,” Morrisey said.
The WV AG announced this morning his office has reached a $161,531,000 settlement with drug manufacturers Teva and Allergan.
Read more here: https://t.co/0W6lLqyCLe
— WV Attorney General (@WestVirginiaAG) May 25, 2022
The lawsuit against Teva and Allergan was filed in 2019 in Boone County Circuit Court. Prosecutors accused the companies of using “misleading” and ”deceptive” marketing tactics to ”misrepresent” the “risks and benefits of opioid painkillers.” The US Centers for Disease Control and Prevention stated West Virginia’s overdose deaths were more than three times the national rate in 2020.
Teva said it will pay $83 million in cash and provide a 10 year supply of Narcan, a drug used to stop opioid overdoses, which the state valued at $27 million. Allergan said it will pay $51.2 million.
More than three thousand lawsuits have been filed against drug makers, distributors and pharmacies over the US public health crisis.