Posted on 09/09/24
| News Source: FOX45
Baltimore, MD - Sept. 9, 2024 - The City of Baltimore has reached an $80 million settlement with Teva Pharmaceuticals, one of the defendants in the city’s ongoing lawsuit against drug manufacturers and distributors accused of contributing to the opioid crisis.
The settlement brings the total amount the city has won from opioid companies to more than $322 million, Mayor Brandon M. Scott announced. Baltimore’s lawsuit against the remaining companies is set to go to trial next week.
“This settlement marks another major victory for the City of Baltimore and further validates our decision to carry on in the fight to hold these companies accountable,” Scott said in a statement.
The city opted out of previous global settlements with Teva and other major opioid companies to pursue its own lawsuit in hopes of winning larger payouts. The settlement announced Monday is more than seven times what Baltimore would have received as part of a national settlement with Teva, the city said in a news release. Teva also will pay out the full $80 million by July 2025.