Amneal Pharmaceuticals Cops to $270 Million U.S. Opioid Payment

MEASLY AMOUNT –

May 3, 2024 – Amneal Pharmaceuticals reached an agreement to pay $92.5 million in cash and provide $180 million worth of naloxone nasal spray, an overdose treatment medication, to resolve lawsuits by U.S. states, local governments and Native American tribes. The settlement, which is payable over 10 years, would if finalized resolve nearly all of the more than 900 opioid-related lawsuits against Amneal, the company said. It did not admit wrongdoing as part of the nationwide settlement.

“We remain committed to helping those impacted by the opioid crisis by enhancing access to naloxone nasal spray, which is an emergency treatment for opioid overdose and helps save lives,” Amneal said in a statement.

The settlement added to the more than $51 billion that drug manufacturers, distributors, pharmacy operators and consultants have agreed to pay to resolve lawsuits and investigations over their roles in the drug addiction and overdose crisis.

Nearly 645,000 people died in the United States from overdoses involving opioids, both prescription and illicit, from 1999 to 2021, according to the U.S. Centers for Disease Control and Prevention.

State attorneys general accused Bridgewater, New Jersey-based Amneal of failing to monitor and report suspicious orders by its customers of generic opioid medications. The company sold nearly nine billion pills from 2006 to 2019, the states said.