The eight companies will together pay impacted states and governments up to $720 million, according to announcements from state attorneys general.
Eight drugmakers agreed to put legal claims stemming from their roles in the U.S. opioid epidemic to rest with settlements that come out to a combined $720 million, according to Thursday press releases from numerous state attorneys general.Over timeframes ranging from a single year to ten years, Viatris agreed to fork over $284 million, while Amneal committed to $71.7 million in settlement payments and Apotex is on the hook for $63.7 million, according to a release from Pennsylvania's AG. Other companies involved in the settlements are Hikma ($95.8 million), Indivior ($38 million), Sun Pharma ($30.9 million), Alvogen ($18.7 million) and Zydus ($14.8 million).Viatris, which committed the biggest chunk in this group of settlements, previously disclosed a nationwide settlement framework that it hopes will “provide closure on these matters” and resolve opioid-related claims by states, local governments and Tribes against the company and its subsidiaries, the drugmaker said in an April press release. Depending on the level of participation in its settlement, Viatris agreed to pay up to a maximum of $335 million in annual payments over a nine-year period.Some drugmakers will also provide opioid addiction treatment medications under the deals, according to a press release from New York Attorney General Letitia James. Others will provide cash in lieu of those products. In addition, each company—besides Indivior—will be prohibited from marketing products that contain more than 40 mg of oxycodone per pill, according to Pennsylvania's AG. Indivior, for its part, will halt the manufacturing of opioid products for the next ten years but can continue selling treatments for opioid use disorder, according to the deal announcements.The settlements were moved along by “overwhelming participation” from AGs across the country, prompting all eight companies involved to move forward with a “sign-on period” for local governments to participate in the deals. North Carolina, California, Colorado, Illinois, New York, Oregon, Tennessee, Utah and Virginia were responsible for negotiating the deals.“While nothing can compensate for the lives lost and upended by the ongoing opioid crisis, I am grateful to secure these funds on behalf of Massachusetts residents who have been devastated by the crisis —funds that will meaningfully support opioid prevention, harm reduction, recovery, and more,” Massachusetts AG Joy Campbell said in a press release. The settlements are the latest in a wide-ranging web of litigation over the U.S. opioid epidemic. Last month, all 50 U.S. states plus Washington, D.C., and four U.S. territories agreed to sign on to a massive $7.4 billion settlement from Purdue Pharma and the Sackler family, its billionaire founding family.Other than the Sacklers, large opioid-related settlements have come from companies including Teva, Mallinckrodt, Endo and Amneal. In 2022, Johnson & Johnson and three drug distributors inked a landmark $26 billion settlement to resolve more than 3,000 lawsuits.