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Stock impact report

Sacklers to pay up to $7bn in Purdue Pharma's opioid settlement plan [Yahoo! Finance]

Teva Pharmaceutical Industries Limited American Depositary Shares (TEVA) 
Last teva pharmaceutical industries limited american depositary shares earnings: 2/13 04:01 pm Check Earnings Report
US:NYSE Investor Relations: ir.tevapharm.com
Company Research Source: Yahoo! Finance
The latest scheme will see the company's owners, the Sackler family, contribute around $6.5bn in instalments over the next 15 years, with $1.5bn to be paid on the day the plan becomes active. An additional $500m could be provided by the Sacklers if international pharmaceutical businesses they sell reach a higher-than-expected value. Purdue is expected to raise and contribute $900m while dissolving and transforming into a new public benefit company. The non-profit company that emerges will develop and distribute opioid use disorder and overdose rescue medicines. The Sacklers will have no links to the new company. The bankruptcy plan is devised to ensure that victims of the opioid crisis receive appropriate compensation and that local gover Read more
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