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Teva Pharm to pay Oklahoma US$85 million to settle opioid claims

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Oklahoma reaches US$85 million settlement with Teva Pharmaceuticals ahead of trial

BOSTON/JERUSALEM: Teva Pharmaceutical Industries said on Sunday it had agreed an US$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 to fuel the U.S. opioid epidemic.

The trial against Israel-based Teva, along with Johnson & Johnson, was set to begin on Tuesday. The lawsuit alleged the companies' marketing of the painkiller was to blame for the opioid epidemic.Oklahoma Attorney General Mike Hunter has alleged that J&J and Teva, along with OxyContin maker Purdue Pharma LP, carried out deceptive marking campaigns that downplayed opioids' addictive risks while overstating their benefits.

 

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