The Food and Drug Administration’s independent advisors on Wednesday unanimously recommended over-the-counter use of the nasal spray Narcan to reverse opioid overdoses, which would significantly...
Tag: opioid
Walgreens Strikes $83 Million Settlement With West Virginia Over Opioid Crisis
Topline Walgreens has agreed to pay West Virginia $83 million to settle allegations the pharmacy chain contributed to the opioid crisis in the state, which has the nation’s highest overdose death rate...
Opioid Settlement Drags Walgreens To $3.7 Billion Loss
Walgreens Boots Alliance reported a $3.7 billion loss in its fiscal first quarter thanks to its … [+] share of a massive global settlement with other drugstore chains to settle claims its pharma...
Walmart Offers $3.1 Billion To Settle Opioid Lawsuits—Joining Rival Retailers Accused Of Fueling Drug Crisis
Topline Walmart on Tuesday offered to pay $3.1 billion to settle claims it mishandled prescriptions for powerful painkillers, joining a growing list of companies striking billion dollar deals to end r...
CVS And Walgreens $10 Billion Opioid Settlement Weighs Heavily On Black Community
BOSTON, MA – SEPTEMBER 11: April Mach, a pharmacist at Angell Animal Medical Center, empties a … [+] prescription bottle of opioid painkillers that she filled for a patient at the pharmacy...
US Sanctions 3 Individuals, Dozens of Bitcoin, Ether and Bitcoin Cash Addresses on Opioid Allegations
In a press release Wednesday, Treasury’s Office of Foreign Asset Control announced it was adding Dutch citizens Alex Adrianus Martinus Peijnenburg and Martinus Pterus Henri De Koning and British...
CVS Health reports Q3 earnings, opioid settlement
Rafael Henrique | Lightrocket | Getty Images CVS Health reported third quarter earnings Wednesday morning that beat Wall Street’s expectations. Here’s how the pharmacy giant performed com...
CVS, Walgreens And Walmart Agree To Pay More Than $10 Billion To Settle Opioid Claims
Topline CVS, Walgreens and Walmart have reached deals to pay more than $10 billion in total to settle claims the companies mishandled opioid painkiller prescriptions, the latest companies to agree to ...
CVS Reports $3 Billion Loss To Cover Its Share Of Global Opioid Settlement
CVS Health Wednesday, Nov. 2, 2922 reported a quarterly loss of more than $3 billion to cover its … [+] share of a global opioid settlement in the works with various states, counties and local g...
CVS, Walgreens And Walmart Agree To $12 Billion Global Opioid Settlement
CVS, Walgreens and Walmart – the nation’s three largest retail U.S. pharmacies have agreed to pay … [+] $12 billion in a massive global settlement to resolve claims they contributed to the opioi...
Biden administration awards $1.5 billion to fight opioid crisis
US President Joe Biden speaks about the DISCLOSE Act at the Roosevelt Room of the White House in Washington, DC on September 20, 2022. Saul Loeb | AFP | Getty Images The Biden administration announced...
White House Announces $1.5 Billion For Worsening Opioid Crisis
Topline The White House on Friday announced $1.5 billion in funding to tackle the nation’s opioid epidemic, a major public health crisis that reached record levels during the Covid-19 pandemic, exacts...
Damages Set In The Belwether Opioid Trial
For more than a year I have been covering what I have felt are serious problems with Judge Dan Aaron Polster’s handling of mass tort litigation pitting two Ohio counties (Lake County and Trumbull Coun...
Weighed Down by Opioid Litigation, Endo International Files for Bankruptcy
Text size Dreamstime The generic drugmaker Endo International , which faces thousands of lawsuits related to its alleged role in the opioid crisis, filed for bankruptcy late Tuesday morning, while ann...
Endo International Files for Bankruptcy to Weather Opioid Lawsuits
Endo International PLC became the latest pharmaceutical company to file for bankruptcy under the weight of lawsuits alleging it played a role in fueling the opioid crisis. The drugmaker, domiciled in ...
AbbVie Stock Slips After Earnings, Charge for Potential Opioid Deal
Text size AbbVie said it continues to expect adjusted diluted earnings of between $13.78 and $13.98 per share for the full fiscal year. Dreamstime The drugmaker AbbVie turned in quarterly earnings tha...
Endo Moving Toward Bankruptcy Filing Without Opioid Settlement Deal
Endo International PLC is moving toward a bankruptcy filing, potentially setting off intense conflicts with state and local governments that have sued the pharmaceuticals company for its alleged role ...
Federal Judge Upholds Legal Definition Of “Public Nuisance,”, Dismisses $2.5B Opioid Suit
Judge David A. Faber, Senior District Judge for the Southern District of West Virginia, has dismissed the “public nuisance” lawsuit launched by the city of Huntington and Cabel County against Amerisou...
Opioid Settlement Drags Walgreens Profits
Walgreens Thursday reported a $229 million quarterly profit that was well below the year-ago period … [+] thanks largely to costs to settle with the state of Florida claims its pharmacies contri...
More Controversy In The Bellwether Opioid Trial
In late April, I discussed what I felt were serious problems with Judge Dan Aaron Polster’s handling of the mass tort trial pitting two Ohio counties against Walmart WMT , Walgreens WBA , and CVS. (li...
Teva CEO Sees a Final Opioid Settlement Coming This Year
Text size Teva CEO Kåre Schultz has been predicting a national opioid settlement for years. Christopher Goodney/Bloomberg Teva Pharmaceutical Industries CEO Kåre Schultz has, for years, been predictin...
Johnson & Johnson And Drug Distributors Finalize $26 Billion Settlement To End Opioid Crisis Lawsuits
Topline Johnson & Johnson and the three largest U.S. drug distributors have agreed to move forward with a proposed $26 billion settlement to more than 3,000 civil lawsuits from states and local go...
Economic Toll Of Opioid Epidemic: $1.3 Trillion A Year
The OnPoint NYC overdose prevention center. Photo by YUKI IWAMURA/AFP via Getty Images Sam Rivera used to wake up every morning and brace himself for the inevitable call: another person found dead of ...
1.2 Million Opioid Overdose Deaths Expected In U.S. And Canada By 2029, Experts Warn
Topline More than 1.2 million people will die from opioid overdoses in the U.S. and Canada by 2029 if no action is taken to tackle the growing epidemic, warns a group of leading health experts on the ...