CVS Health agrees to $5B settlement of opioid lawsuits abc15
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.
“We are pleased to resolve these longstanding claims and putting them behind us is in the best interest of all parties, as well as our customers, colleagues and shareholders,” Thomas Moriarty, the CVS chief policy officer and general counsel said in a statement. “We are committed to working with states, municipalities and tribes, and will continue our own important initiatives to help reduce the illegitimate use of prescription opioids.
Under the settlement plan, CVS would pay $4.9 billion to state and local governments and about $130 million to Native American tribes over the next decade. The exact amount would depend on how many governmental entities accept the terms of the deal. In recent years, opioid deaths have soared to record levels around 80,000 a year. Most of those deaths involve illicitly produced versions of the powerful lab-made drug fentanyl, which is appearing throughout the U.S. supply of illegal drugs.
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CVS Health agrees to $5B settlement of opioid lawsuitsCVS Health says it has reached a deal that would make it the first major pharmacy chain to settle opioid lawsuits across the United States.
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CVS Health agrees to $5B settlement of opioid lawsuitsCVS 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.
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CVS Health agrees to $5B settlement of opioid lawsuitsCVS Health says it has reached a deal that would make it the first major pharmacy chain to settle opioid lawsuits across the United States.
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