CVS and Walgreens Agree to Tentative $10 Billion Opioid Settlement

CVS and Walgreens Agree to Tentative $10 Billion Opioid Settlement

CVS and Walgreens Agree , to Tentative $10 Billion , Opioid Settlement.

CVS and Walgreens Agree , to Tentative $10 Billion , Opioid Settlement.

The tentative combined amount of $10 billion would settle lawsuits brought against the retailers for mishandling prescription opioids.

The tentative combined amount of $10 billion would settle lawsuits brought against the retailers for mishandling prescription opioids.

The CVS portion would be paid out to states involved in the lawsuits over the course of a decade starting in 2023.

We are pleased to resolve these longstanding claims and putting them behind us in the best interest of all parties, as well as our customers, colleagues and shareholders, Thomas Moriarty, CVS’ General Counsel, via CNN.

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, Thomas Moriarty, CVS’ General Counsel, via CNN.

The Walgreens portion would be paid out to states over the course of 15 years, also beginning in 2023.

We believe this is in the best interest of the company and our stakeholders at this time, Walgreens Statement, via CNN.

... and allows our pharmacists, dedicated healthcare professionals who live and work in the communities they serve, , Walgreens Statement, via CNN.

... to continue playing a critical role in providing education and resources to help combat opioid misuse and abuse, Walgreens Statement, via CNN.

More than 3,000 lawsuits have been brought against companies involved in the manufacturing and distribution of opioids.

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More than half a million people in the U.S. have died from opioid overdoses in the past 20 years.

In 2020, nearly 10 million people reported misusing opioids.

According to 'Bloomberg,' Walmart has also agreed to a tentative settlement of $3 billion