Opioid Settlement Drags Walgreens To $3.7 Billion Loss

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Walgreens reported a $3.7 billion loss to cover its share of a massive global settlement of claims its pharmacies contributed to the opioid epidemic.

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share of a massive global settlement with other drugstore chains to settle claims its pharmacies contributed to the opioid epidemic, the company reported Jan 5, 2022. .In this April 20, 2018 photo, a business sign hangs over the entrance to a Walgreens pharmacy and store in Alexandria, Virginia. Walgreens Boots Alliance reported a $3.7 billion loss to cover its share of a massive global settlement of claims its pharmacies contributed to the opioid epidemic.disclosed a $3.

“First quarter loss per share was $4.31 compared to earnings per share of $4.13 in the year-ago quarter reflecting a $6.5 billion pre-tax charge recognized in connection with the previously announced opioid litigation settlement frameworks and certain other opioid-related matters,” Walgreens said Wednesday in its quarterly earnings report.

 

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