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Teva agrees to settle opioid lawsuit for as much as $4.25 billion

Updated July 26, 2022, 8:46 PM ET

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Teva Pharmaceutical Industries Ltd. said it reached a national settlement agreement worth up to $4.25 billion to resolve thousands of lawsuits over its alleged role in the opioid crisis.

The proposed settlement is the latest move by a company seeking to resolve the costly litigation.