Print Page   |   Report Abuse   |   Sign In   |   Join UPhA
News & Press: Press Releases

2 Drug Companies Settle with Counties in Opioid-Crisis Suit

Wednesday, August 21, 2019   (0 Comments)

Two pharmaceutical companies have reached settlements totaling $15 million to avoid being defendants in the first federal trial on the drug industry’s accountability for a nationwide opioid crisis.

Dublin, Ireland-based Endo Pharmaceuticals announced Tuesday that it has agreed to pay the Ohio counties of Cuyahoga and Summit, home to Cleveland and Akron, a total of $10 million to settle their suits, which are still scheduled to go to trial against other drugmakers and distributors Oct. 21.

As part of the deal, Endo also agreed to supply $1 million worth of blood pressure medicines it produces for the counties. The counties will determine how the settlement is divided.

And Allergan, also based in Dublin, has agreed to pay $5 million to settle claims related to its branded opioid. The settlement does not resolve claims regarding its generic opioids, Frank Gallucci, a lawyer for Cuyahoga County, told Cleveland.com and other media outlets.

The settlements came one day after the Summit County Council passed a resolution to OK settlements with any companies with less than 10% of the opioid market share in the county.

Matthew Maletta, an Endo executive vice president, said it would have cost the company $10 million in legal expenses just to go to trial.

READ MORE


Community Search
Sign In
Login with LinkedIn
OR


Latest News
Calendar

The upcoming calendar is currently empty.

Click here to view past events and photos »

Online Surveys