Pharmacy operators CVS (CVS.N), Walmart (WMT.N), and Walgreens (WBA.O) on Tuesday urged Ohio’s highest court to conclude they cannot be held liable for fueling an opioid epidemic in two of the state’s counties that won a $650.9 million judgment against them.
Tag Archive for: Walgreens
The pharmacy chain is instead looking for ways to drive “the most value” for the business, CEO Timothy Wentworth said at a conference on Monday.
Bloomberg News reported in January that Walgreens was exploring a sale of the unit.
The U.S. pharmacy chain is working with advisers to assess the level of interest in Shields Health, the report said, adding that the specialty pharmacy company is expected to draw interest from private equity firms and healthcare companies.
In a 3-0 decision, the 4th U.S. Circuit Court of Appeals in Richmond, Virginia, cleared the way for the nation’s largest pharmacy chain to face claims it violated the federal False Claims Act and Virginia state law.
More than 3,000 state and local governments will receive nearly $19 billion in payments from drugmakers and pharmacy chains in the most recent round of opioid settlements.
The letter from New York Governor Kathy Hochul and Attorney General Letitia James asked the companies to respond in writing within 10 business days about their commitment to dispense mifepristone at U.S. drug regulator-certified pharmacy locations and via mail in the state.
Governor Gavin Newsom made this announcement via a tweet on Monday, days after the pharmacy chain said it would not dispense abortion pills in some Republican-dominated states.
Walgreens will prepare for the start of Automation Unit iA’s sale process around next month, according to Bloomberg, which cited sources who asked not to be identified as the matter is private.
The U.S. Food and Drug Administration (FDA) will allow retail pharmacies to offer abortion pills in the United States for the first time, the agency said on Tuesday, even as more states seek to ban medication abortion.
