Drugmaker Amneal agrees to $270 million U.S. opioid settlement
Amneal Pharmaceuticals said on Friday it had reached a deal valued at more than $270 million to resolve claims it helped fuel the deadly U.S. opioid epidemic, becoming the latest drug company to settle lawsuits over the addiction crisis brought by states and local governments.
Amneal stock climbs on Q1 report, opioid settlement update
Shares of Amneal Pharmaceuticals (NASDAQ:AMRX) climbed 9% Friday after the drugmaker released a better-than-expected Q1 earnings report and said it had reached an agreement in principle to settle litigation filed against the company over its alleged role in the US opioid crisis.
Under the terms of the settlement, the New Jersey-based company would provide $92.5 million in cash and $180 million worth of naloxone nasal sprays to treat overdoses.
The settlement in principle accounts for New Jersey-based Amneal's role in fueling the national epidemic of opioid addictions and overdoses, New York and California said in separate statements.
On the heels of a new partnership announced earlier this week between the state of California and a pharmaceutical company to ...
Good morning, and welcome to the Amneal Pharmaceuticals First Quarter 2024 Earnings Call. I will now turn the call over to Amneal's Head of Investor Relations, Tony Dimeo.
With an agreement in hand from Amneal Pharmaceuticals, Illinois stands to get part of about $270 million in cash and opioid treatments.
BRIDGEWATER, N.J. (AP) — BRIDGEWATER, N.J. (AP) — Amneal Pharmaceuticals, Inc. (AMRX) on Friday reported a loss of $91.6 million in its first quarter. On a per-share basis, the Bridgewater, New ...
Amneal Pharmaceuticals reports significant revenue and EBITDA growth in Q1 2024, driven by new product launches and strong market performance.
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California is partnering with a New Jersey-based pharmaceutical company to purchase a generic version of Narcan.
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Q1 Non-GAAP EPS of $0.14 beats by $0.05. Revenue of $659M (+18.1% Y/Y) beats by $39.97M. Generics revenues increased 14% due ...
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