Teva Pharmaceutical Industries (NYSE: TEVA) is the fourth company that reached a settlement with the two Ohio counties.
The Israeli-based drug company agreed to pay $20 million in cash plus it will contribute $25 million worth of Suboxone, a treatment for opioid addiction, according Hunter Shkolnik, the lawyer representing Cuyahoga and Summit counties.
The four pharmaceutical companies were set to present their arguments against the allegations against them during a nine-week trial in Cleveland. It is the first federal jury trial regarding the opioid epidemic.
Walgreens did not reach a settlement with the Ohio counties
Walgreens Boots Alliance, the fifth defendant in the lawsuit did not reach a settlement agreement with the Ohio counties. The judge postponed the trial on the case.
In a statement, Walgreens said, “We never manufactured, marketed or wholesaled prescription opioid medications. Our pharmacists have always been committed to serving patients in the communities where they live and work.”
