Teva, Allergan, CVS, and Walgreens Finalize Opioid Settlement Agreements
Wisconsin to Receive Over $276 Million to Fight the Opioid Crisis
MADISON, Wis. – Attorney General Josh Kaul today announced the final approval of $17.3 billion in opioid agreements with drug makers Teva and Allergan and pharmacies CVS and Walgreens. Following successful state sign-on and subdivision sign-on periods, the defendants have committed to the deal and will start releasing funds to a national administrator later this summer. Wisconsin is set to receive nearly $277 million over 15 years. Money is expected to start flowing to state and local governments by the end of 2023.
“The opioid crisis has resulted in harm to countless people, and those who fueled the crisis must be held accountable,” said AG Kaul. “The hundreds of millions of dollars that Wisconsin communities will receive from these and other case resolutions will enable more progress to be made in the fight again the opioid epidemic.”
Wisconsin will receive nearly $276,777,000 over 15 years. National investigations and litigation against the pharmaceutical industry over the opioid crisis has led to more than $50 billion; Wisconsin’s share so far is over $764 million.
Teva and Allergan negotiations were led by Attorneys General from North Carolina, Iowa, California, Illinois, Maryland, Massachusetts, New York, Pennsylvania, Tennessee, Texas, Vermont, Virginia, and Wisconsin. CVS and Walgreens negotiations were led by Attorneys General from North Carolina, California, Colorado, Connecticut, Delaware, Illinois, Indiana, Iowa, Kentucky, Louisiana, Massachusetts, Nebraska, New York, Ohio, Pennsylvania, Rhode Island, Tennessee, and Texas.
View the press release on the Wisconsin DOJ website here.
NOTE: This press release was submitted to Urban Milwaukee and was not written by an Urban Milwaukee writer. While it is believed to be reliable, Urban Milwaukee does not guarantee its accuracy or completeness.
More about the Opioid Crisis
- Serenity Inns Opens New Addiction Treatment Center in Milwaukee - Serenity Inns - Aug 14th, 2024
- MKE County: County Nearly Doubles Narcan Vending Machines - Graham Kilmer - Aug 12th, 2024
- Milwaukee County Executive David Crowley Announces Placement of Eight Additional Harm Reduction Vending Machines - County Executive David Crowley - Aug 12th, 2024
- Milwaukee’s Native Community Faces Surge in Opioid Deaths - Trisha Young - Jul 8th, 2024
- MKE County: County Awards $2.8 Million To Non-Profit Opioid Programs - Graham Kilmer - Jul 2nd, 2024
- MKE County: County To Get $3 Million From Kroger In Opioid Settlement - Graham Kilmer - Jul 1st, 2024
- Court Decision Holds Up Wisconsin’s $70 Million Drug Settlement - Sarah Lehr - Jul 1st, 2024
- MKE County: Opioid Settlement Will Fund 7 New, Expanded Abatement Efforts - Graham Kilmer - Jun 28th, 2024
- Legislators Agree on Opioid Plan, Still Withhold PFAS, Hospital Funds - Erik Gunn - May 8th, 2024
- Baldwin Announces Over $17.7 Million to Tackle Fentanyl and Opioid Crisis in Wisconsin - U.S. Sen. Tammy Baldwin - May 7th, 2024
Read more about Opioid Crisis here
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