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

  • Pharmacy operators CVS Health Corp CVSWalmart Inc WMT, and Walgreens Boots Alliance Inc 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.
Loading...
Loading...
CVS Logo
CVSCVS Health Corp
$67.40-2.95%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
88.59
Growth
49.09
Quality
22.52
Value
40.32
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs

Posted In:
Comments
Loading...