Tag Archives: Opioid

Baxter International named in opioid complaint by Georgia county

(Reuters) – Medical supply company Baxter International Inc has been named in a complaint along with other makers and distributors of opioids for improperly marketing the drugs, a filing showed on Thursday. Baxter, which also makes generic drugs, said it was served in August with the amended complaint filed by Fayette County in the multi-district… Read More »

Teva’s $15B free drug opioid settlement might be a great deal in the long run: analyst

Instead of fighting it out in court, Teva is reportedly offering $ 15 billion in free drugs to escape a massive opioid litigation in Cleveland that has ensnared some of the industry’s biggest players. It’s an unusual—and pricey—offer for Teva, but one analyst thinks it might just work. Teva’s $ 15 billion giveaway, which according… Read More »

Purdue inks multibillion-dollar opioid deal with thousands of local governments, 23 states: reports

Purdue Pharma has entered the first major opioid settlement. The company, whose OxyContin played a role in the opioid epidemic, plans to file for bankruptcy imminently and restructure under an agreement with 23 states and nearly 2,300 cities, counties and tribes, according to the New York Times.   Under the deal, Purdue’s founding family—the Sacklers—will pay plaintiffs $ 3… Read More »