AMRX - Generic Drugmaker Amneal Announces Over $270M In US Opioid Lawsuit Settlement | Benzinga
Friday, Amneal Pharmaceuticals Inc (NASDAQ:AMRX) announced a significant agreement valued at over $270 million to settle claims related to its alleged contribution to the opioid crisis in the U.S.
This move positions Amneal as the latest pharmaceutical company to resolve lawsuits brought forth by states, local governments, and Native American tribes concerning the addiction epidemic.
As part of the deal, Amneal has agreed in principle to pay $92.5 million in cash and provide $180 million worth of naloxone nasal spray, an essential medication for treating opioid overdoses.
The agreement, payable over a decade, aims to address a substantial portion of the more than 900 ...