Walgreens, Florida settle opioid prices lawsuit for $683M

ST. PETERSBURG, Fla. — The Walgreens pharmacy chain has reached a $683 million agreement with the state of Florida in a lawsuit accusing the corporate of improperly shelling out tens of millions of painkillers that contributed to the opioid disaster, state officers mentioned Thursday.

State Legal professional Basic Ashley Moody mentioned the deal used to be struck after 4 weeks of presidency proof used to be introduced at trial. Walgreens used to be the twelfth and ultimate defendant to settle with Florida, which is able to convey in additional than $3 billion for the state to take on opioid habit and overdoses.

“We now move into fight armed and able to combat again exhausting by contrast artifical disaster,” Moody mentioned at a information convention in Tampa. “I’m satisfied that we’ve got been ready to finish this huge litigation and transfer previous the court docket.”

Walgreens, based totally in Deerfield, Illinois, mentioned in a observation the corporate didn’t admit wrongdoing within the deal, right through which $620 million might be paid to the state over 18 years and a one-time sum of $63 million for legal professional charges. Walgreens operates greater than 9,000 shops in all 50 states, consistent with the corporate web page. About 820 of the ones places are in Florida.

OxyContin maker Purdue Pharma has a tentative national deal that comes with $6 billion in money from contributors of the Sackler circle of relatives who personal the corporate. In all, settlements, civil and prison consequences across the nation since 2007 have totaled over $45 billion, consistent with an Related Press tally.

The Florida case hinged on accusations that as Walgreens distributed greater than 4.3 billion overall opioid drugs in Florida from Would possibly 2006 to June 2021, greater than part contained a number of simply known purple flags for abuse, fraud and habit that the corporate must have spotted and acted upon.

The opioid epidemic has been connected to greater than 500,000 deaths within the U.S. during the last 20 years, counting the ones from prescription painkillers corresponding to OxyContin and generic oxycodone in addition to illicit medication corresponding to heroin and illegally produced fentanyl.

In the similar case, CVS Well being Corp. and CVS Pharmacy Inc. agreed to pay the state $484 million. Teva Prescription drugs Industries Ltd. agreed to pay $195 million and Allergan PLC greater than $134 million.

Florida has in the past got tens of millions of bucks in opioid settlements involving McKesson Corp., Cardinal Well being Inc., Johnson & Johnson Inc. and AmerisourceBergen Corp.

Source link

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button