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1 drug company announces details of $5M opioid settlement
CLEVELAND – The drug company Allergan says its $5 million payments divided between two Ohio counties will remove it from a trial scheduled for October on the toll of opioids there.
Government officials previously announced the settlement with Cuyahoga (ky-uh-HOH’-guh) and Summit counties. The Dublin, Ireland-based company made its first public statement about the deal on Friday.
It says Cuyahoga will get $3.1 million and Summit $1.9 million. The company said in a statement that settling made more sense than the costs of continued litigation in the first federal trial scheduled in a case in which government entities are suing the drug industry.
The company is a defendant in many of the roughly 2,000 similar claims across the U.S.
Endo Pharmaceuticals also settled in August with the Ohio counties for $10 million.
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