Hikma to pay $115M in cash, $35M in donations to settle opioid claims

Lon­don-based Hik­ma Phar­ma­ceu­ti­cals has reached an agree­ment to set­tle al­le­ga­tions brought against the com­pa­ny by US states and lo­cal gov­ern­ments for the man­u­fac­tur­ing and sale of opi­oids.

Un­der the agree­ment, Hik­ma will pay up to $115 mil­lion in cash and $35 mil­lion in do­na­tions of Hik­ma’s nalox­one, which re­vers­es the ef­fects of an over­dose. But the deal still de­pends on the num­ber of states and lo­cal gov­ern­ments that de­cide to opt in to Hik­ma’s propo­si­tion. The com­pa­ny added that the agree­ment isn’t an ad­mis­sion of wrong­do­ing and will con­tin­ue to fight in court any law­suits the deal doesn’t re­solve.

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