The Alabama Attorney General has reached a $44 million settlement agreement with Walmart to fund opioid abatement in the state. “Many of Alabama’s cities and counties have been pummeled by an epidemic that began with prescription opioids and has intensified to illicit opioids like heroin and fentanyl,” Attorney General Steve Marshall said in a press…
Alabama Attorney General Reaches $44 Million Settlement With Walmart to Fund Opioid Abatement
Teva to Pay $523 Million to New York in Opioid Settlement
Teva Pharmaceutical Industries will pay a total of about $523 million to New York state to settle lawsuits that alleged the Israeli-based company had contributed to the opioid epidemic in the United States. The $523 million total opioid payout to New York comprises two separate settlement agreements with Teva. The other settlement is a nationwide one reached…
CVS, Walgreens Agree to Pay Nearly $10 Billion in Settlements to Resolve Opioid Lawsuits
Pharmacy store chains CVS and Walgreens announced on Wednesday they have agreed to pay a total of nearly $10 billion to “substantially resolve” various opioid-related lawsuits launched against them. CVS and Walgreens are the two largest pharmacy chains in the United States by market share. The settlements, if finalized, would be the first nationwide deal reached…
Walmart to Pay $215 Million to Settle Florida Opioid Claims
Walmart Inc. has agreed to pay $215 million to resolve claims its pharmacies fueled an epidemic of opioid addiction in Florida, the state’s attorney general announced on Thursday. As part of the deal, Walmart has also agreed to dispense 672,000 treatment kits with the anti-overdose drug naloxone to first responders in the state. “I’m grateful…
CVS, Walmart Reach $147.5 Million Opioid Settlement With West Virginia
CVS Health Corp. and Walmart Inc. have agreed to pay $147.5 million to settle West Virginia’s claims over their alleged roles in the state’s opioid crisis, state attorney general Patrick Morrisey said Tuesday. West Virginia had been prepared to proceed to trial on Sept. 26 against those two companies and Walgreens Boots Alliance. The state…
Teva Pharmaceutical Expects to Start Paying US Opioid Settlement in 2023
TEL AVIV—Teva Pharmaceutical Industries expects to finalize an opioid settlement in the United States by year-end and start paying in 2023, its chief executive said on Sunday, while confirming he was unlikely to renew his contract next year. After years of negotiations, Israel-based Teva in July proposed a $4.35 billion nationwide settlement—mostly cash and partly…
Endo Files for Bankruptcy as US Opioid Litigation Drags
Endo International Plc. filed for bankruptcy on Tuesday after reaching a $6 billion deal with some of its creditors, as the U.S. drugmaker seeks to settle thousands of lawsuits over its alleged role in the country’s opioid epidemic. The pharmaceutical company is the latest to file for Chapter 11 to address opioid claims. Purdue Pharma,…
U.S. Opioid Prescriptions Are Declining
The United States has an opioid epidemic, but there’s one bright spot in the fight against it: Prescriptions for these addictive drugs have declined for patients with private insurance. Amid guidelines over the past decade from governments, health systems and insurers aimed at reducing opioid prescriptions, previous studies have pointed to a nationwide drop in…
US Opioid Prescriptions Are Declining
The United States has an opioid epidemic, but there’s one bright spot in the fight against it: Prescriptions for these addictive drugs have declined for patients with private insurance. Amid guidelines over the past decade from governments, health systems and insurers aimed at reducing opioid prescriptions, previous studies have pointed to a nationwide drop in…
Tennessee Sues Walgreens Pharmacy Chain Over Opioid Distribution
The state of Tennessee sued Walgreens on Wednesday, accusing the retail pharmacy giant of fueling the state’s opioid epidemic by willfully flooding the market with an oversupply of prescription narcotics in violation of consumer protection and public nuisance laws. According to the lawsuit, Walgreens used its position as one of the state’s largest pharmacy chains…
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