EL AVIV, Israel & PARSIPPANY, N.J.– Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA), has reached an agreement with the Attorney General of Arkansas to settle the state’s price-fixing claims against Teva. Under the terms of the settlement, Teva will pay the state $931,000, and the state will dismiss all of its claims against Teva and its affiliates once payment has been made.
This is the fourth settlement of the price-fixing litigation that Teva has reached to date, having previously settled with Mississippi, Louisiana, and Georgia. (Alabama also recently voluntarily dismissed its claims against all defendants in the litigation, including Teva.) Teva is pleased to put these claims behind us, and we believe the modest settlement amount—in each of the four settlements to date—reflects our position on the allegations against us, which we continue to deny. We remain focused on delivering high-quality medicines to the patients around the world who need them, while also working cooperatively with state regulators to resolve legacy litigation matters in the United States, including these cases as well as the opioids cases. We are discussing settlements of the price-fixing litigation with additional states in an effort to continue replicating these results.
