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Oklahoma reaches $8.75 million settlement with opiate maker

Oklahoma reaches $8.75 million settlement with opiate maker
CHANGED TO FIRST DEGREE MURDER. JESSICA: IN OUR STATE OF ADDICTION COVERAGE, ANOTHER VICTORY IN THE STATE’S FIGHT AGAINST THE OPIOID CRISIS. 87 $5 MILLION COMING TO -- 8.75 MILLION DOLLARS COMING TO OKLAHOMA. EVAN: IT’S PART OF A NEW SETTLEMENT JUST ANNOUNCED TODAY. ENDO PHARMACEUTICALS WILL MAKE THAT PAYOUT TO THE STATE. >> MIKE HUNTER SAYS ENDO PHARMACEUTICAL APPROACHED THE STATE WITH A GOAL OF WORKING OUT A SETTLEMENT IN ORDER TO HELP OKLAHOMA DEAL WITH THE OPIOID EPIDEMIC. X -->> I THINK THEY HAD TAKEN NOTICE OF OUR EFFORTS WITH THE OTHER COMPANIES AND I JUST WANT TO COMMEND THEM FOR BEING PROACTIVE. >> THE AMOUNT, $8.75 MILLION WHICH WILL GO TOWARDS THE STATE’S OPIOID LAWSUIT SETTLEMENT FUND. HUNTER SAYS THE MONEY USED FOR OPIOID PREVENTION, EDUCATION, REHABILITATION, AND TREATMENT SERVICES. >> WE DON’T VIEW THE 6,000 PLUS OKLAHOMANS WHO’VE DIED AS A RESULT OF PRESCRIPTION OPIOIDS AS DATA POINTS OF STATS. THEY’RE REAL PEOPLE, FAMILIES AND FRIENDS HAVE SUFFERED. EFFECTS -->> LAST SUMMER, A CLEVELAND COUNTY JUDGE ORDER PHARMA GIANT JOHNSON AND JOHNSON TO PAY 572 MILLION DOLLARS TO ADDRESS THE DAMAGE OPIOID EPIDEMIC HAS HAD ON THE STATE, THAT CASE IS IN APPEAL BEFORE THE SUPREME COURT. HUNTER SAYS THE AG’S OFFICE HAS JOINED IN THAT APPEAL AND WILL ARGUE IT BEFORE THE COURT LATER THIS YEAR. >> ASKING THEM TO LOOK AT
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Oklahoma reaches $8.75 million settlement with opiate maker
The state of Oklahoma will receive $8.75 million from two pharmaceutical companies in a deal announced Friday that will end legal action the state was considering against the opioid manufacturers.Oklahoma Attorney General Mike Hunter announced the agreement with Endo Pharmaceuticals Inc. and Par Pharmaceutical, Inc., both subsidiaries of Dublin-based Endo International. Without the agreement, Hunter said he planned to file suit against the company alleging it violated state law by deceptively marketing opioid pain medications in a way that understated the risk of addiction.The company denied the allegations and admitted no wrongdoing as part of the agreement.Endo's Executive Vice President Matthew Maletta said in a statement that the company was pleased with the resolution.Endo in 2016 withdrew the pain medication it produced, Opana and Opana ER, from the market and discontinued research and development into opiate drugs, Hunter said.“The measures taken by Endo to alleviate the opioid epidemic are commendable,” Hunter said in a statement.After a trial last summer, an Oklahoma judge ordered drugmaker Johnson & Johnson to pay the state $465 million to address the state’s opioid crisis. The state also reached pre-trial settlements totaling $355 million with two other drugmakers: Oxycontin-maker Purdue Pharma and Israeli-owned Teva Pharmaceuticals.

The state of Oklahoma will receive $8.75 million from two pharmaceutical companies in a deal announced Friday that will end legal action the state was considering against the opioid manufacturers.

Oklahoma Attorney General Mike Hunter announced the agreement with Endo Pharmaceuticals Inc. and Par Pharmaceutical, Inc., both subsidiaries of Dublin-based Endo International. Without the agreement, Hunter said he planned to file suit against the company alleging it violated state law by deceptively marketing opioid pain medications in a way that understated the risk of addiction.

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The company denied the allegations and admitted no wrongdoing as part of the agreement.

Endo's Executive Vice President Matthew Maletta said in a statement that the company was pleased with the resolution.

Endo in 2016 withdrew the pain medication it produced, Opana and Opana ER, from the market and discontinued research and development into opiate drugs, Hunter said.

“The measures taken by Endo to alleviate the opioid epidemic are commendable,” Hunter said in a statement.

After a trial last summer, an Oklahoma judge ordered drugmaker Johnson & Johnson to pay the state $465 million to address the state’s opioid crisis. The state also reached pre-trial settlements totaling $355 million with two other drugmakers: Oxycontin-maker Purdue Pharma and Israeli-owned Teva Pharmaceuticals.