February 25, 2020 2:32 PM
Georgia Attorney General Chris Carr today announced
a global settlement framework agreement between state attorneys general, local
subdivisions, and Mallinckrodt (MNK), its subsidiaries, and certain other
affiliates. MNK is currently the largest generic opioid manufacturer in the
In announcing the framework AG Carr said:
Our office remains focused on holding accountable
those who were responsible for fueling the epidemic and securing resources for
In the agreement, MNK agrees to pay $1.6 billion in
cash to a trust that will be used to help cover the costs of opioid
addiction treatment and related efforts, with the potential for increased
payment to the trust.
MNK also agrees that its future generics opioid business
will be subject to stringent injunctive relief that, among other things, will
prevent marketing and ensure systems are in place to prevent diversion.
The entire press release is available