Teva Pharmaceutical shares surge 13% after announcing global opioid settlement
"The company is pleased to positively contribute to solving the nationwide opioid epidemic," the company in a statement. "Teva has consistently committed to complying with all laws and regulations regarding its manufacture and sale of opioids. Neither settlement includes an admission of liability."
More than 2,000 counties, cities and states have sued more than a dozen drug companies, distributors and pharmacies, alleging the industry helped create the nation's opioid epidemic.
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