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Small Cash Component Delaying Opioid Deal, Says ‘Optimistic’ Teva

Hoping To Announce Settlement ‘In The Coming Year’

 
• By Dean Rudge

Teva CEO Kåre Schultz has spoken at great length and in great detail about Teva’s ability to reach a proposed settlement in the US over allegations the firm helped fuel the opioid epidemic, revealing that a deal may be only 12 months away.

Deal Cash Settlement
Teva is hoping to reach a settlement, albeit with a smaller cash component • Source: Alamy

Teva is “cautiously optimistic” it is moving towards a US-wide settlement over allegations the firm helped fuel the opioid epidemic, with the potential to strike a deal “within the coming year,” as the company’s CEO Kåre Schultz speculated that the Israeli firm’s inability to offer more cash as part of any deal had led lawyers to prioritize the other parties.

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