This company is acting terrible and cutting costs because of legal settlements they have to pay - which is reason for the terrible path they’ve taken with leadership and putting reps on plans. It is very interesting - I saw Amneal displayed on a talk show speaking about the opioid epidemic and then researched further and found this.
Amneal Pharmaceuticals has agreed to a $272.5 million settlement to resolve approximately 900 lawsuits related to its role in the opioid crisis. The settlement, reached with multiple states, includes $92.5 million in cash payments over the next decade and $180 million worth of naloxone, a medication that can reverse opioid overdoses [oai_citation:1,Attorney General James Secures Over $270 Million Multistate Settlement in Principle with Amneal Pharmaceuticals for Its Role in the Opioid Crisis](
Attorney General James Secures Over $270 Million Multistate Settlement in Principle with Amneal Pharmaceuticals for Its Role in the Opioid Crisis) [oai_citation:2,Amneal resolves opioid lawsuits with $272.5M settlement](
Amneal agrees to $272.5M settlement to resolve opioid lawsuits) [oai_citation:3,Delaware DOJ announces a $270 multistate settlement in principle with opioid manufacturer | Delaware First Media](
Delaware DOJ announces a $270 multistate settlement in principle with opioid manufacturer).
The lawsuits alleged that Amneal, which sold nearly nine billion opioid pills from 2006 to 2019, failed to monitor and report suspicious orders as required by federal law [oai_citation:4,NY AG reaches $270M multistate opioid settlement with Amneal Pharmaceuticals - Top Class Actions](
NY AG reaches $270M multistate opioid settlement with Amneal Pharmaceuticals - Top Class Actions). The settlement aims to provide resources for opioid abatement and treatment across the affected states, though Amneal did not admit to any wrongdoing as part of the agreement [oai_citation:5,Amneal resolves opioid lawsuits with $272.5M settlement](
Amneal agrees to $272.5M settlement to resolve opioid lawsuits) [oai_citation:6,NY AG reaches $270M multistate opioid settlement with Amneal Pharmaceuticals - Top Class Actions](
NY AG reaches $270M multistate opioid settlement with Amneal Pharmaceuticals - Top Class Actions).
This settlement is part of broader efforts by various states to hold pharmaceutical companies accountable for their roles in the opioid epidemic, contributing to a total of over $51 billion in settlements related to the crisis nationwide [oai_citation:7,Amneal resolves opioid lawsuits with $272.5M settlement](
Amneal agrees to $272.5M settlement to resolve opioid lawsuits) [oai_citation:8,Delaware DOJ announces a $270 multistate settlement in principle with opioid manufacturer | Delaware First Media](
Delaware DOJ announces a $270 multistate settlement in principle with opioid manufacturer).
I also heard from a colleague who just came from Hikma doing similar practices as Amneal. Is it a coincidence?