1250 Broadway, 27th Floor New York, NY 10001

HAKIMA AGREES TO PAY $150 MILLION TO SETTLE OPIOID CLAIMS

FUNDS WILL “HELP PEOPLE … GET THE TREATMENT THEY NEED”

In early February, New York Attorney General Letitia James announced that she -- along with the AGs from the states of California, Delaware, Tennessee, Utah, and Virginia, in coordination with an executive committee consisting of the attorneys general of Colorado, Idaho, Illinois, Massachusetts, North Carolina, Ohio, and Oregon -- had reached a settlement with Hakima Pharmaceuticals for its alleged role in “fueling the opioid crisis.”

Apparently, the company sells millions of doses of opioids every year and was purportedly aware that its systems to monitor suspicious activities were “inadequate and prone to failure.”

The $150 million settlement includes $115 million in cash, and $35 million in opioid addiction treatment medication.

In a written statement, James noted that “Hikma was part of an industry that flooded the country with dangerous opioids, profiting off the products that have caused our current national public health crisis …. While this settlement won’t fully repair the devastation opioids have caused, the funds we secured will help combat the crisis of addictions and overdoses, and help people across the country get the treatment they need.”

Think Hakima is giving that the silent treatment?


# # #

NYAG PRESS RELEASE ~ 02.01.24

Categories: