Business Maverick: CVS, Walmart, Walgreens Reach $13 Billion Opioid Settlement

A group of six state attorneys general who targeted pharmacy providers for not properly monitoring opioid prescriptions handled by their companies led months of talks that generated the proposed deals, the people said.

“As one of the largest pharmacy chains in the nation, we remain committed to being a part of the solution, and this settlement framework will allow us to keep our focus on the health and wellbeing of our customers and patients, while making positive contributions to address the opioid crisis,” officials of Deerfield, Illinois-based Walgreens said in a release

The settlement marks another step forward in the sweeping legal fight over opioids — blamed for more than 500,000 US deaths over the last two decades. States, cities and counties filed almost 4,000 suits against more than a dozen drugmakers, distributors and pharmacies seeking compensation for billions spent battling the US opioid epidemic. So far, they’ve recovered about $30 billion to bolster police and drug-treatment budgets, based on data collected by Bloomberg News.

Source: News Formal (newsformal.com)

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