Coverage dated November 1, 2022 to November 2, 2022
CVS, Walgreens to pay $10B in opioid settlements
Headline from CBS News
The two largest U.S. pharmacy chains, CVS Health and Walgreen Co., announced agreements in principle Wednesday to pay about $5 billion each to settle lawsuits nationwide over the toll of opioids, and a lawyer said Walmart, a third pharmacy behemoth, is in discussions for a deal.
CBS News's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
Two of the largest U.S pharmacy chains have agreed in principle to pay a total of about $10 billion to settle lawsuits over the toll of prescription opioids.
"We know that reckless, profit-driven dispensing practices fueled the crisis; but ... with better systems in place and proper heeding of red flag warnings, pharmacies can play a direct role in reducing opioid abuse and in saving lives."
CVS Health says it has agreed to pay about $5 billion to state, local and Native American tribal governments to settle lawsuits over the toll of opioids. The deal would
By Shawn Nottingham, CNN CVS has tentatively agreed to pay $5 billion to settle lawsuits brought by states and local governments alleging the retailers mishandled prescriptions of opioid painkillers. Two other major retailers — Walgreens and Walmart — have tentatively agreed to pay billions of dolla…
WEDNESDAY, Nov. 2, 2022 (HealthDay News) -- Years of litigation over the opioid epidemic could end soon, as the national pharmacy chains CVS and Walgreens announced Wednesday that each company
It could amount to the last round of huge settlements after years of litigation over the industry's role in an overdose crisis linked to more than 500,000 deaths in the U.S. over the past two decades.
The agreement would resolve thousands of lawsuits over the retailers’ role in the addiction crisis. But a large majority of state, local and tribal governments must sign on for it to take effect.
U.S. states, cities and counties have filed more than 3,000 lawsuits against opioid manufacturers, distributors and pharmacies, accusing them of downplaying the addiction risk and failing to stop pills from being diverted for illegal use.
CVS Health Corp, Walgreens Boots Alliance Inc and Walmart Inc have agreed to pay about $13.8 billion to resolve thousands of U.S. state, local and tribal government lawsuits accusing the
CVS has tentatively agreed to pay $5 billion to settle lawsuits brought by states and local governments alleging the retailers mishandled prescriptions of opioid painkillers.
CVS Health has announced a $5 billion deal that, if approved, would make it the first major pharmacy chain to reach a nationwide settlement of opioid lawsuits.
CVS Health reported a quarterly loss of more than $3 billion to cover its share of a global opioid settlement in the works with various states, counties and local governments.
CVS, Walgreens and Walmart – the nation’s three largest retail U.S. pharmacies — have agreed “in principle” to pay $12 billion in a massive global settlement to resolve claims they contributed to the opioid epidemic.
CVS Health has announced an agreement in principle that would make it the first major pharmacy chain to reach a nationwide settlement of lawsuits over how it handled prescriptions for powerful and addictive prescription opioid painkillers that are linked to an overdose epidemic.
CVS will be the first major pharmacy chain to enter a nationwide settlement, saying it will pay around $5 billion to state, local, and Native American governments over the sale of opioids. The company has not admitted any wrongdoing.
US pharmacy chain CVS Health said Wednesday they had agreed to pay approximately $5 billion over 10 years to "resolve all opioid lawsuits and claims" against them by states and cities.
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CVS, Walgreens to pay $10B in opioid settlements | Since Then
