By Randy Ellis
Generic opioid manufacturer Teva Pharmaceuticals USA and a group of affiliated drug companies have agreed to pay $85 million to settle their portion of a lawsuit in which they and other drug companies were accused of creating a multibillion-dollar public nuisance that led to thousands of Oklahoma deaths and addictions.
Details of the settlement are still being worked out, but are expected to be finalized within two weeks and submitted to Cleveland County District Judge Thad Balkman for approval, Oklahoma Attorney General Mike Hunter announced Sunday.
The agreement was announced just two days before the drug companies were scheduled to go to trial.
Affiliated companies covered by the agreement include Teva; Cephalon, Inc.; Watson Laboratories, Inc.; Actavis LLC; and Actavis Pharma, Inc., all of which will be dropped from the state's lawsuit, Hunter said.
Hunter said he expects the settlement to be paid in cash, shortly after the agreement is finalized.
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