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Saturday, May 18, 2024

Attorney General Bonta Announces $273 Million Nationwide Agreement with Amneal Pharmaceuticals

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Attorney General Rob Bonta | Official website

Attorney General Rob Bonta | Official website

California Attorney General Rob Bonta has announced a nationwide agreement with Amneal Pharmaceuticals for its role in the opioid epidemic. The agreement will require the pharmaceutical company to pay up to $272.5 million nationally to address its involvement in the crisis. Bonta stated, “Today, I am thinking of the countless families and communities impacted by the opioid epidemic. I can’t begin to imagine the immense pain they have been through."

The settlement, if finalized, will include $92.5 million in cash and $180 million nationwide in opioid overdose reversal products. Bonta emphasized the importance of holding accountable those responsible for fueling the public health crisis, stating, “At the California Department of Justice, we will continue to hold accountable those that fueled this public health crisis."

The negotiations were led by several states including California, New York, Delaware, Tennessee, Utah, and Virginia, along with an executive committee of other attorneys general. The final settlement is contingent on agreement regarding critical business practice changes.

Attorney General Bonta reaffirmed his commitment to protecting California communities and combating the opioid crisis. The California Department of Justice has already secured over $48 billion through nationwide settlements, with up to $4.25 billion designated for California. These funds will be crucial in supporting treatment and prevention strategies in communities affected by the epidemic.

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