Three U.S. pharmacy chains have agreed to pay about $13.8 billion US to resolve thousands of U.S. state, local and tribal government lawsuits accusing them of mishandling opioid painkillers.
Posted: Nov 02, 2022 9:23 AM ET | Last Updated: 9 hours ago
CVS Health Corp, Walgreens Boots Alliance Inc. and Walmart Inc. have agreed to pay about $13.8 billion US to resolve thousands of U.S. state, local and tribal government lawsuits accusing the pharmacy chains of mishandling opioid painkillers. Paul Geller, one of the lawyers who negotiated for the governments, said that settlements with pharmacies "will bring billions of additional dollars to communities that are desperate for funds to combat the epidemic" of opioid addiction.
Both CVS and Walgreens said their agreements would not be final until certain non-monetary terms were worked out, and that the total amount could be reduced if not enough government plaintiffs sign on.The proposed settlement, which would be the first nationwide deal with retail pharmacy companies, follows nationwide opioid settlements with drugmakers and distributors totalling more than $33 billion US.
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