SaltWire's Atlantic regional weather forecast for October 16, 2023 | SaltWire - Drugstore chain Rite Aid is the latest U.S. company to seek bankruptcy protection following pressure from lawsuits alleging that they helped fuel the opioid crisis.
Opioid drugs have been one of the major causes of the more than one million deaths since 1999 tied to drug overdose, according to data from U.S. Centers for Disease Control and Prevention. Litigation against drugmakers, pharmacies and distributors, claiming that drugmakers downplayed the risks of opioids and that distributors and pharmacies failed to prevent them from being diverted to the illegal market has resulted in more than $50 billion in total settlements.
Here is a list of companies forced to file for bankruptcy protection, mainly due to U.S. opioid lawsuits and settlements.says it will close underperforming stores.afloat during the bankruptcy process.bankruptcy in the United States in a moveEndo International August 2022 U.S. drugmaker files for bankruptcy seekingRochester Drug March 2020 Drug distributor files for bankruptcy, nearlycharged in relation to the opioid crisis.
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