Tennessee, Other States Set to Receive Funds Through $4 Billion Settlement with Opioid Maker

Tennessee and several other states will receive extensive funds due to a settlement with Teva, an opioid manufacturer based in Israel.

According to a release from Tennessee Attorney General Herbert Slatery III, the drug maker will pay $4.25 billion to state and local governments.

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Historic Opioid Settlement Receives Final Approval, Tennessee Attorney General Announces

Tennessee Attorney General Herbert Slatery on Friday announced a final agreement between large opioid distributors, Johnson & Johnson, and attorneys general throughout the country.

According to the final details, Tennessee will receive approximately $600 million over 18 years to help combat the opioid crisis. The three distributors, Cardinal Health, McKesson, and AmerisourceBergen, along with Johnson & Johnson, will begin to make payments on April 2, 2022.

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