JEFFERSON CITY, Mo. – An opioid settlement announced Wednesday could bring millions of dollars to Missouri for abatement, treatment and education over the problem.
Missouri Attorney General Eric Schmitt announced an opioid settlement Wednesday with pharmaceutical company Endo International PC. As part of the settlement, Endo and lenders will provide up to $450 million nationally to several states and local governments.
Endo will also ban its opioid promotion and return millions of documents to a public online archive.
Endo reportedly boosted opioid sales using deceptive marketing that downplayed the risk of addiction and overstated the benefits.
“This settlement, like previous settlements with Johnson & Johnson, a major opioid distributor, Teva, and others, will bring critical resources to people who desperately need help with opioid addiction and abuse,” Schmitt said.
Schmitt’s office said it is unclear how much Missouri and other states will receive at this time, but the distribution amount will be determined in the future. Endo also filed for Chapter 11 bankruptcy protection Tuesday.
The company will pay $450 million in cash over the next 10 years.
📲 Download the FOX4 News app to stay updated on the go.
📧 Sign up for FOX4 email alerts to get the latest news delivered to your inbox.
💻 Find today’s top stories on fox4kc.com for Kansas City and all of Kansas and Missouri.