Viatris to Pay $335 Million for Settlement of Opioid-Related Claims

Viatris, Inc. (VTRS) announced that it has reached a nationwide settlement framework to resolve opioid-related claims by states, local governments, and tribes against it and certain of its subsidiaries.Per the terms of the settlement agreement, Viatris would pay up to a maximum of $335 million to all the above-mentioned parties. This sum consists of annual payments of approximately$27.5-$40 million to each party over a period of nine years to help support state and local efforts to address opioid-related i ...