The sources did not want to be identified, saying they were not authorized to speak publicly on the matter.
CVS announced its share of the settlement Wednesday morning, which includes $4.9 billion for state, county and city governments, and $130 million for Native American tribes.
“We are pleased to resolve these long-standing claims and putting them behind us is in the best interest of all parties, as well as our customers, colleagues and shareholders”CVS general counsel said, Thomas Moriarty, it’s a statement. The company did not admit to having committed any crime.
Walmart and Walgreens they did not want to comment. A spokesperson for lawyers of the plaintiffs in the litigation did not immediately respond to a request for comment.
The proposed settlement, which would be the first nationwide settlement with retail pharmacy companies, follows national opioid settlements with drug manufacturers and distributors totaling more than $33 billion.
In more than 3,300 lawsuits, as of 2017state and local governments accused drugmakers of downplaying the risks of their opioid pain medications, and distributors and pharmacies of ignoring red flags that prescriptions were being diverted into the illegal trade.
They claimed that the resulting human cost, as well as the pressure on public health services and law enforcement, was a public nuisance that companies must pay to fix.
CVS, Walgreens and Walmart are the three largest retail pharmacies in the country by market share.
Source: Ambito
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