New Mexico and Walgreens reach $500 million opioid settlement | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 95%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

New Mexico reached a $500 settlement agreement with Walgreens over the pharmaceutical giant's role in the opioid epidemic

The plaintiffs argued Walgreens “dispensed millions of potentially harmful opioids into communities across New Mexico” by failing to red-flag prescriptions that weren’t needed for medical use, or by continuing to fill red-flag prescriptions. Last fall, the state obtained another $274 million in settlements from Albertsons, CVS, Kroger, and Walmart, the lawyers said. The addition of the Walgreens settlement brings the total to $1 billion brought into the state through opioid litigation.

” Walgreens has to pay to help remedy the opioid addiction in the state as part of the settlement agreement. Nearly 75% of drug overdose deaths in 2020 involved an opioid, CDC data showed, and more than 564,000 people died from overdoses involving any opioid, including prescription and illicit opioids, from 1999-2020. The agreement, which followed five years of litigation, was reached in March but its confidentiality provision was lifted Friday. Walgreens said it is not commenting on the matter.

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:

 /  🏆 4. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

A previous tweet was deleted and this story has been updated to reflect that the settlement was $500 million.

Singapore Singapore Latest News, Singapore Singapore Headlines