Teva signed a compromise agreement with Rhode Island and pay $ 21 million in cash over the next 13 years

Another compromise agreement with Teva in the case of narcotic painkillers (opioids). The company has signed an agreement with the Rhode Island Attorney General, under which Teva will pay Rhode Island $ 21 million in cash over the next 13 years, and provide the state with the generic spray Narcan, or Naloxone, free of charge for the treatment of overdose symptoms of narcotic painkillers - such as slowing down The patient's breathing and unresponsiveness - recently launched in the US market; And the generic version of the Suboxone tablet, which is also based on the same active ingredient as the spray and is intended for the same indication. Teva will supply a "significant amount" of the drugs worth $ 78.5 million (at list prices) over the next 10 years.
The agreement will terminate by compromise, and without Teva assuming responsibility or gratitude in any criminal act, the lawsuits filed against the company by the Attorney General of the State of Rhode Island and other bodies of the state. The lawsuits of Rhode Island and government departments have been filed alongside 3,300 other lawsuits filed against the company and other opioid manufacturers and distributors, claiming the manufacturers' aggressive marketing policies diminished the risk of painkiller addiction and tried to extend their use beyond their original purpose.
Teva, which is managed by Kor Schultz, notes that the agreement with Rhode Island is consistent with previous agreements signed by the company in the opioid case, and includes a division between a relatively small cash consideration, spread over many years, and a relatively large component of supply of drugs that cost significantly less. Their price list.
The agreement with Rhode Island was signed six weeks after Teva signed a similar agreement with the state of Texas, under which it will pay $ 150 million in cash to the state over 15 years, and will provide the Narcan spray worth $ 75 million (according to the wholesale price list price) over 10 years. The number of Texas residents is 26 times greater than the number of Rhode Islanders, so in relative terms the scope of the agreement with Rhode Island ($ 100 million) is significantly higher than the agreement with Texas ($ 225 million).