Teva Pharmaceuticals News

Appeals Court Reinstates Glaxo $235.5 Million Verdict Against Teva

A federal appeals court on Friday reinstated a 2017 jury verdict ordering Teva Pharmaceutical Industries Ltd. to pay GlaxoSmithKline Plc $235.5 million for selling a generic version of Glaxo’s heart drug Coreg. In a 2-1 decision, the U.S. Federal Circuit …

U.S. Charges Teva With Conspiring to Fix Generic Drugs Prices

The U.S. Justice Department charged Teva Pharmaceutical Industries Ltd. on Tuesday with conspiring with competitors to raise prices for generic drugs. The Justice Department has been investigating allegations the company colluded with other drugmakers to push up the prices of …

Four Drugmakers Reach $260M Settlement, Ending Opioid Trial Set to Start Today

Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, averting the first federal trial that was scheduled to start Monday morning in Cleveland. The settlement covers drug distributors and …

US Government Wants Some of Oklahoma’s $270M Purdue Pharma Settlement Money

The U.S. government wants a portion of Oklahoma’s $270 million settlement with Purdue Pharma that stemmed from the state’s ongoing lawsuit against opioid makers. The U.S. Centers for Medicare and Medicaid Services wrote to the head of Oklahoma’s Medicaid agency …

Oklahoma Judge Approves Revised $85M Opioid Settlement With Teva

An Oklahoma judge has approved a revised $85 million settlement with Teva Pharmaceutical Industries Ltd. resolving claims by the state’s attorney general that the drugmaker helped fuel the U.S. opioid epidemic. The decision by Cleveland County District Judge Thad Balkman …

Retired Judge to Mediate Dispute Over Oklahoma Opioid Settlement Funds

A former Oklahoma State Supreme Court justice will attempt to resolve a dispute over how to disburse an $85 million settlement of a state lawsuit with Teva Pharmaceuticals. Cleveland Count District Judge Thad Balkman said Monday that retired Judge Steven …

Oklahoma Governor, GOP Leaders Say Opioid Drug Settlement Violates Law

Oklahoma’s governor and Republican legislative leaders are raising concerns about the state’s proposed $85 million settlement with an opioid manufacturer that has yet to be approved by a judge. Gov. Kevin Stitt, House Speaker Charles McCall and Senate President Pro …

Teva to Pay Oklahoma $85 Million to Avoid Trial Over Opioid Marketing

Teva Pharmaceutical Industries Ltd. agreed to pay $85 million to settle an Oklahoma lawsuit claiming that illegal marketing of its opioid painkillers contributed to a public health crisis in the state. The deal, announced Sunday, was reached just as the …

Judge Sends Oklahoma’s Lawsuit Against Opioid Makers Back to State Court

U.S. judge has determined that a lawsuit the state of Oklahoma filed against the makers of opioids does not “necessarily rise” to a federal issue. The ruling by U.S. District Judge Vicki Miles-LaGrange in Oklahoma City sends the matter back …