PETTY CASH –
June 7, 2023 – “This settlement is the most recent example of my office’s work to hold accountable those who contributed to the opioid epidemic facing Nevadans,” said AG Ford. “I am proud of the work that my office has done in this fight. The money coming into Nevada from these settlements will help our state recover and will help resources flow to the Nevadans impacted by this epidemic.”
According to a release from the Attorney General’s office, Teva will make annual payments to Nevada beginning in July 2024 through July 2043. These payments will increase on a sliding scale, beginning at $7 million and increasing to $9 million in 2037 and $27 million in 2042. The money will be divided between the state and the signatories of the One Nevada Agreement on Allocation of Opioid Recoveries.
The settlement includes injunctive relief terms to stop the possible misuse of opioids. In addition to the monetary relief, the settlement requires Teva, among other things, to ban the promotion of opioids and opioid products; to ban financial incentives for the sale of opioids; to ban funding to third parties that promote opioids; to impose lobbying restrictions; to develop and implement monitoring programs, including for off-label use of opioids; to ban prescription savings programs for opioids; to monitor and report downstream customers with risks of diversion of opioids; and to provide regular training to its employees.
