Thursday, February 9, 2023

Pharmacy chain to pay $10,700 million for opioid crisis in US

New York, Dec 12 (IANS) A group of attorneys general announced Monday that large US drugstore chains CVS and Walgreens have agreed to pay $10.7 billion to settle multiple lawsuits over their poor oversight of opioid prescriptions in the country.

CVS has agreed to pay $5 billion over 10 years and Walgreens $5.7 billion over 15 years, according to a statement from the 18 prosecutors who negotiated the terms of the settlement, while both work to improve their handling of prescription drugs. Agrees to go through the mechanism.

Each state must decide individually whether to accept that agreement before the end of this year, and companies can back out if there is not enough support, although some have already given their approval. , such as New York, Massachusetts or Pennsylvania, according to local media. ,

Last month, after one of the nation’s big retailers alleged poor prescription drug oversight, Walmart offered a similar settlement of $3.1 billion.

Lawsuits against pharmaceutical companies in the United States have been one of the main demands of US state and local administrations in their fight against the opioid crisis in the country.

Every year, thousands of Americans die from overdoses of opioids, found in painkillers that drug companies advertised as safe and non-addictive in the late 1990s.

According to many plaintiffs, pharmacy companies helped cause public harm by failing to appreciate the abusive use of their products by many of their users.

In New York, a mega-suit by the prosecutor’s office against bigwigs involved in the opioid crisis was recently closed, though it avoided sitting on the bench by agreeing to multimillion-dollar settlements before the trial began ; In the end, the only responsible pharmaceutical company was Teva.

Nation World News Desk
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