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CVS, drug makers settle Florida opioid lawsuit for $860M

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CVS and pharmaceutical firms can pay Florida a mixed $860 million as a part of the settlement of an opioid epidemic case, state officers stated Wednesday.

Florida Legal professional Normal Ashley Moody stated CVS Well being Corp. and CVS Pharmacy Inc. can pay the state $484 million. Teva Prescription drugs Industries Ltd. agreed to pay $195 million and Allergan PLC greater than $134 million.

As well as, Teva will present to Florida about $84 million of its Narcan nasal spray used to deal with overdose victims. One other firm, Endo Well being Options, can be settling for $65 million, Moody stated.

“The opioid epidemic is wreaking havoc on Florida households,” Moody stated in a information launch. “The monies secured from CVS, Teva, Allergan and Endo will assist additional our efforts to remediate the hurt and struggling of Floridians.”

The cash from CVS, Moody added, will probably be divided between the state and Florida cities and counties, which had been beset by opioid overdoses and illicit drug use through the “capsule mill” epidemic of a decade in the past. The cash should be spent on tackling the opioid disaster.

CVS store
Cash from CVS and others with be spent tackling the opioid disaster.
SOPA Pictures/LightRocket through Gett

The opioid epidemic has been linked to greater than 500,000 deaths within the US over the previous twenty years, counting these from prescription painkillers akin to OxyContin and generic oxycodone in addition to illicit medication akin to heroin and illegally produced fentanyl.

Within the 2010s, state and native governments filed hundreds of lawsuits in opposition to firms that make and distribute the medication in search of to carry them accountable. A handful of cases have gone to trial, however many extra have been settling, significantly over the past yr.

The Florida settlements go away solely Walgreens Co. as a defendant in a lawsuit set for trial April 5 in Pasco County Circuit Courtroom. Florida has beforehand obtained tens of millions of {dollars} in opioid settlements involving McKesson Corp., Cardinal Well being Inc., Johnson & Johnson Inc. and AmerisourceBergen Corp.

Teva Pharmaceuticals
Teva will present Florida with about $84 million of its Narcan nasal spray used to deal with overdose victims.
Bloomberg through Getty Pictures

OxyContin maker Purdue Pharma has a tentative nationwide deal that features $6 billion in cash from members of the Sackler family who personal the corporate; drugmaker Johnson & Johnson and the distributors AmerisourceBergen, Cardinal Well being and McKesson have finalized settlements totaling $26 billion.

Different drugmakers, together with Teva and Endo, have been settling state-by-state as they did in Florida.

In all, settlements, civil and prison penalties since 2007 have totaled over $45 billion, in keeping with an Related Press tally.