Teva To Pay $270M In Propofol Hepatitis Suits

Law360, New York (February 21, 2012, 4:07 PM EST) -- Teva Pharmaceuticals Industries Ltd. will spend roughly $270 million on suits claiming the way it packaged its anesthetic Propofol caused a hepatitis C outbreak, Teva told securities regulators Friday, revealing it had settled most of the cases in the Nevada-based litigation.

Teva is still a defendant in 50 Nevada-based state court suits, the drugmaker said in its U.S. Securities and Exchange Commission filing, which revealed that it had spent or set aside to date $270 million for the suits, 120 of which have been settled. Teva...
To view the full article, register now.