AbbVie to pay up to USD 2.37 billion to resolve US opioid claims
New Delhi: AbbVie Inc has agreed to pay up to $2.37 billion to resolve thousands of U.S. lawsuits against its Allergan unit over the marketing of opioid painkillers, state officials announced on Friday.
If finalized, the deal could end more than 3,000 lawsuits by state and local governments around the country. It includes settlements the drugmaker has already reached with states, including $200 million for New York.
"We've worked hard to get the best result for Americans harmed by the opioid crisis, and it's rewarding to take another step in the right direction," Iowa Attorney General Tom Miller, who led negotiations with the company, said in a statement.
AbbVie, which has denied wrongdoing, did not immediately respond to a request for comment. Its stock was down 6% late Friday morning, following an earnings report that incuded a $2.2 billion charge related to the opioid deal.
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