New York AG: Teva Was Aware of its Contribution to NY’s Opioid Epidemic, Contrary to Previous Testimony

July 13, 2022

New York Attorney General Letitia James has leveled accusations at the Israeli drugmaker Teva that it misrepresented its role in the state’s opioid crisis. The company previously distanced itself from its US operations, but new information suggests that Teva was directly in charge of the unit. According to James, Teva obfuscated its connections to its US operations through a series of shell companies to shuffle the money into offshore accounts.

According to Phil Taylor, “The new information means that a prior decision that Teva USA’s parent company should not be held liable in New York’s opioid litigation should be vacated, restoring it as a defendant. Last December, the US unit was found accountable for playing a part in fueling the opioid crisis in the state.”

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(Source: Pharma Phorum, July 13th, 2022)

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