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Opioid manufacturer Amneal settles for role in drug crisis

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New Jersey-based drugmaker Amneal Pharmaceuticals has become the latest company to reach a settlement agreement with Delaware and other states over its role in fueling the opioid crisis, the Delaware Department of Justice announced Monday.

The settlement, worth more than $270 million, follows claims that Amneal – which manufactured nearly 9 billion generic opioid pills between 2006 and 2019 – “knowingly failed to monitor and report suspicious orders from its customers,” causing it to overuse prescription of opioids is possible. the Delaware Department of Justice.

It comes amid a surge in overdoses in Kent and Sussex counties, with state police issuing multiple safety advisories after 125 suspected overdoses were reported in the state in one week. Analysis by the Delaware National Guard found that many of the drugs involved in the overdoses included both xylazine, the veterinary tranquilizer also known as “tranq,” and the synthetic opioid fentanyl.

Amneal has agreed to provide $92.5 million in cash over the next 10 years to the states involved in the settlement, the Delaware Department of Justice said. As with previous settlements, Delaware’s payout will go to the state’s Prescription Opioid Settlement Distribution Fund, which will then distribute the money to organizations working to tackle addiction.

The remainder of the settlement funds will be provided to states in the form of naloxone nasal spray, the opioid overdose-reversing drug better known as Narcan.

Amneal’s generic version of naloxone was approved for sale without a prescription by the U.S. Food and Drug Administration on April 24, according to the company. And while Amneal made no statement following the settlement, the company’s co-CEOs said they were “proud to help address this public health emergency” in a press release about the launch of their generic Narcan.

“While no amount of money can undo the damage that has been done, we will continue to hold pharmaceutical companies accountable for their role in the opioid crisis, both nationally and here in Delaware,” said Delaware Attorney General Kathy Jennings. “We have lost too much to this deadly epidemic, and we will not stand for it again.

MORE: From patent to Percocet: How this powerful opioid got its start in Delaware

Send story tips or ideas to Hannah Edelman at [email protected]. For more coverage, follow them on Twitter at @h_edelman.