AbbVie's Allergan unit reached a $200 million settlement with New York state and two counties over its alleged role in the region's opioid crisis
Pharmaceutical maker AbbVie Inc.’s Allergan unit has agreed to pay up to $200 million to New York state and two New York counties to settle claims that it helped create a public nuisance by allowing opioids to flood the region, according to the company and the office of state Attorney General Letitia James.
The deal removes Allergan from a lawsuit whose trial is nearing the finish line. Closing arguments got underway Wednesday afternoon in the long-running case, which now includes Anda Inc. and other subsidiaries of parent company Teva Pharmaceutical Industries Ltd. as defendants, following roughly $1.5 billion in settlements that released half a dozen other companies.
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