CVS Health, Walmart & Walgreens Ordered To Pay $650.6M In Opioid Case: Reuters

Pharmacy operators CVS Health Corp (NYSE:CVS), Walmart Inc (NYSE:WMT), and Walgreens Boots Alliance Inc (NASDAQ:WBA) will be required to pay $650.6 million to…
  • Pharmacy operators CVS Health Corp (NYSE:CVS), Walmart Inc (NYSE:WMT), and Walgreens Boots Alliance Inc (NASDAQ:WBA) will be required to pay $650.6 million to two Ohio counties, Reuters reported.
  • A federal judge ruled on Wednesday gave the ruling regarding the damage done by the opioid epidemic.
  • The pharmacy chains have been found to have created a public nuisance in Lake and Trumbull counties by over-supplying addictive pain pills.
  • The judge ordered the companies to pay the amount over fifteen years and asked them to devise procedures to prevent the illegal diversion of opioid drugs.
  • The report specified that the U.S. opioid epidemic had caused more than 500,000 overdose deaths over two decades.
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