$720M Opioid Settlement Sends $9.4M to Minnesota

St. Paul, MN (KROC-AM News) - A new nationwide opioid settlement announced today will direct an additional $9.4 million to Minnesota.

State Attorney General Keith Ellison says the overall value of the settlement is approximately $720 million and involves eight drug companies that manufactured opioid products. Overall, Minnesota has now received about $633 million from settlements with opioid manufacturers and distributors.

“No amount of money can undo the tremendous harm that opioid manufacturers and peddlers have inflicted on families across Minnesota,” said Attorney General Keith Ellison. “However, it is still important that we hold wrongdoers accountable for their actions and help those who are suffering, which these settlements do. I will continue to aggressively pursue accountability from these companies and ensure the money they made by pushing opioids is brought back to Minnesota and used on treatment, recovery, and prevention."

Under an agreement involving the state, local, and county governments, 75% of the money received through opioid settlements is directed to city and county programs, and the remaining 25% is allocated to the state. The funds are used for programs addressing treatment, prevention, and harm reduction.

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A news release issued by Ellison's office lists the companies involved and the amounts they have agreed to pay through the settlement:

• Mylan (now part of Viatris): $284,447,916 paid over nine years

• Hikma: $95,818,293 paid over one to four years

• Amneal: $71,751,010 paid over 10 years

• Apotex: $63,682,369 paid in a single year

• Indivior: $38,022,450 paid over four years

• Sun: $30,992,087 paid over one to four years

• Alvogen: $18,680,162 paid in a single year

• Zydus: $14,859,220 paid in a single year

A total of 11 states were involved in the settlement.

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