Teva Pharmaceuticals Settles Opioid Crisis Litigation with $80M Fund for Baltimore

Tuesday, 10 September 2024, 11:09

Teva Pharmaceuticals announced an $80 million settlement to Baltimore in its ongoing opioid litigation. This critical funding will support education, recovery centers, and outreach initiatives, addressing the urgent needs stemming from the opioid crisis.
Benzinga
Teva Pharmaceuticals Settles Opioid Crisis Litigation with $80M Fund for Baltimore

Teva Pharmaceuticals and Baltimore's Settlement

In a significant development for public health, Teva Pharmaceuticals has agreed to an $80 million settlement with the city of Baltimore. This settlement aims to address the far-reaching impact of the opioid crisis. The funds are earmarked for educational programs, recovery centers, and essential outreach initiatives, all designed to combat the opioid epidemic. The legal battle illustrates the continuing efforts of cities to hold pharmaceutical companies accountable for the widespread effects of opioid misuse.

Funding Allocation and Community Impact

  • Education: Programs will focus on preventive measures and increasing awareness about addiction.
  • Recovery Centers: Facilities will provide necessary treatment options for those affected by opioid addiction.
  • Outreach Initiatives: Community-based programs targeted at high-risk areas will help in reducing opioid-related harms.

This settlement underscores a broader commitment to tackle the public health crisis that has devastated numerous communities.


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