Florida gets $860 million from CVS, more to settle opioid case
Pharmacy company CVS and drug companies will pay Florida $860 million as part of the settlement of a opiate epidemic cases, state officials said Wednesday.
Florida Attorney General Ashley Moody said CVS Health Corp. and CVS Pharmacy Inc. will pay the state $484 million. Teva Pharmaceuticals Industries Ltd. agreed to pay $195 million and Allergan PLC over $134 million.
Additionally, Tevan will supply Florida with approximately $84 million worth of its Narcan nasal spray used to treat overdose victims. Another company, Endo Health Solutions, is also settling for $65 million, Moody said.
“The opioid epidemic is taking its toll on Florida families,” Moody said in a press release. “Funds obtained from CVS, Teva, Allergan and Endo will help us continue our efforts to address the harm and suffering of Floridians.”
CVS money, Moody added, will be split between the state and cities and counties in Florida, which have been plagued by opioid overdoses and illicit drug use during the “mill” outbreak. to pills” of ten years ago. The money must be spent to fight the opioid crisis.
The opioid epidemic has been linked to more than 500,000 deaths in the United States over the past two decades, counting those from prescription painkillers such as OxyContin and generic oxycodone as well as illicit drugs such as heroin and illegally produced fentanyl.
In the 2010s, state and local governments filed thousands of lawsuits against the companies that manufacture and distribute the drugs seeking to hold them accountable. A handful of cases have gone to trial, but many more have settled, particularly in the past year.
The Florida Colonies leaves only Walgreens Co. as a defendant in a lawsuit set for trial April 5 in Pasco County Circuit Court. Florida has already won millions of dollars in opioid settlements involving McKesson Corp., Cardinal Health Inc., Johnson & Johnson Inc. and AmerisourceBergen Corp.
Manufacturer of OxyContin Purdue Pharma has a nationwide interim deal that includes $6 billion in cash from members of the Sackler family who own the business; Drugmaker Johnson & Johnson and distributors AmerisourceBergen, Cardinal Health and McKesson have finalized settlements totaling $26 billion.
Other drugmakers, including Teva and Endo, have moved in state by state as they did in Florida.
In total, settlements, civil and criminal penalties since 2007 have totaled more than $45 billion, according to an Associated Press tally.
Associated Press writer Geoff Mulvihill contributed from Cherry Hill, New Jersey.