CVS News

Nevada Secures $152M Opioid Settlement With Pharmacy Chain CVS

Nevada and pharmacy chain CVS have reached a nearly $152 million settlement to be paid over the next decade to end a lawsuit over opioid claims, state Attorney General Aaron Ford announced. “CVS negotiated in good faith,” Ford said at …

Texas to Receive $654M in Opioid Funds From CVS, Walgreens

Texas Attorney General Paxton announced that the state is joining finalized opioid agreements with CVS and Walgreens totaling $10.7 billion nationally, with CVS paying $5 billion and Walgreens paying $5.7 billion. Texas and its local governments are slated to receive …

CVS, Walgreens and Walmart to Pay $13.8B to Settle U.S. Opioid Claims: Sources

CVS Health Corp, Walgreens Boots Alliance Inc. and Walmart Inc. have tentatively agreed to pay about $13.8 billion to resolve thousands of U.S. state and local government lawsuits accusing the chains of mishandling opioid painkillers, according to two people familiar …

Walmart, CVS, Walgreens Ordered to Pay $650 Million Over Ohio Opioid Sales

Walmart Inc., CVS Health Corp. and Walgreens Boots Alliance Inc. were ordered to pay a total of $650 million over their failure to properly monitor opioid prescriptions in Ohio, in the drug industry’s latest setback in the sprawling litigation over …

Insurers Refuse to Pick Up Bill for Billions in Opioid Claims

A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers, distributors and pharmacies are refusing to help pay for it. A Delaware Supreme Court ruling in January has emboldened insurers …

Insurers Taking Note of Big Verdicts, But Trial Lawyers Say Don’t Count on Changes

When CVS Pharmacies, just weeks after a Georgia appeals court upheld a $43 million premises liability verdict against the company, announced that it was closing 900 stores around the country, some saw it as a sign of the times. “Yes, …

Why Jury’s Opioid Verdict Against Pharmacy Chains May Not Survive Appeal

While a Cleveland jury concluded Walmart Inc., CVS Health Corp. and Walgreens Boots Alliance Inc. exacerbated Ohio’s opioid epidemic with lax oversight of prescription painkillers, the verdict may not survive on appeal, according to legal experts. The companies, which vowed …

Pharmacies Defend Actions as Ohio Opioid Trial Nears Its End

Lawyers for pharmacy chains including CVS and Walgreens on Monday argued they were not to blame for the U.S. opioid epidemic, as jurors prepared to consider whether to hold them responsible for the devastation the drug crisis caused in two …

Walgreens, CVS Lead COVID-19 Vaccination Drive for Nursing Homes

The U.S. government and two of the nation’s largest pharmacy chains kick off a nationwide campaign to vaccinate nursing home residents against COVID-19 on Monday, a week after the first vaccines authorized in the country began being administered to healthcare …

Market Value of Insurers, Drugstores Drops on Amazon Plans to Sell Prescription Drugs

The leading drugstores, drug distributors and health insurers lost about $22 billion in market value Tuesday after Amazon.com Inc. revealed plans to start selling prescription drugs to its Prime members in the U.S. The long awaited move pushed Walgreens Boots …