Oklahoma judge approves Teva's $85M opioid settlement

An Oklahoma judge has approved Teva Pharmaceuticals' revised $85 million settlement with the state resolving claims that the drugmaker helped fuel the opioid crisis, according to CNBC. 

Earlier in June, Cleveland County District Judge Thad Balkman declined to approve the $85 million settlement until attorneys from both sides could show how the distribution of the proposed settlement would comply with a new state law. 

The new state law, passed after Purdue Pharma paid Oklahoma $270 million to settle opioid charges, requires that any settlement funds go directly to the state treasury.

The revised settlement complies with that state law, the judge ruled June 24. 

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