TBA Law Blog


Posted by: Stacey Shrader Joslin on Jun 12, 2023

Tennessee is expected to collect $419 million over 15 years as its share of a $17.3 billion multistate settlement with opioid manufacturers Teva and Allergan and pharmacies CVS and Walgreens. Tennessee Attorney General Jonathan Skrmetti announced the settlement amount on Friday. Money is expected to start flowing to state and local governments by the end of this year. The settlement also imposes restrictions on future activities by the companies. Teva must stop marketing opioids and put a system in place to prevent drug misuse. Allergan must stop selling opioids for the next 10 years. CVS and Walgreens have agreed to monitor, report and share data about suspicious activity related to opioid prescriptions.