Business Maverick: CVS, Walmart, Walgreens Reach $13 Billion Opioid Settlement

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 43 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 84%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

CVS Health Corp., Walgreens Boots Alliance Inc. and Walmart Inc. tentatively agreed to pay more than $13 billion to resolve thousands of state and local government lawsuits accusing the pharmacy owners of mishandling opioid painkillers, according to the...

A group of six state attorneys general who targeted pharmacy providers for not properly monitoring opioid prescriptions handled by their companies led months of talks that generated the proposed deals, the people said.

“As one of the largest pharmacy chains in the nation, we remain committed to being a part of the solution, and this settlement framework will allow us to keep our focus on the health and wellbeing of our customers and patients, while making positive contributions to address the opioid crisis,” officials of Deerfield, Illinois-based Walgreens said in a release

The settlement marks another step forward in the sweeping legal fight over opioids — blamed for more than 500,000 US deaths over the last two decades. States, cities and counties filed almost 4,000 suits against more than a dozen drugmakers, distributors and pharmacies seeking compensation for billions spent battling the US opioid epidemic. So far, they’ve recovered about $30 billion to bolster police and drug-treatment budgets, based on data collected by Bloomberg News.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Five Things Elon Musk Wants to Change About Twitter Right AwayElon Musk is working to make his mark on Twitter Inc., days after assuming ownership of the service. According to people familiar with the matter, the phrase 'according to people familiar with the matter' is a comedic device when used in a work of journalism.
Source: dailymaverick - 🏆 3. / 84 Read more »

Twitter temporarily closes offices as layoffs begin - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Twitter Inc temporarily closed its offices and cut workers’ access to internal systems on Friday after telling employees they would be informed by email about whether they were being laid off.
Source: SABCNews - 🏆 37. / 51 Read more »