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Walgreens hopes for a revival after closing 1,200 stores
US pharmacy chain Walgreens is planning to close 1,200 of its stores over the next three years. Walgreens said that it is “reorienting” to “our legacy strength as a retail pharmacy-led company”. The decision comes after the merger of Caremark and Aetna, the second-largest US health insurer, in September last year. Earlier, Rite Aid also…
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The Biden administration is being sued over abortion pill rules
Walgreens said it won’t sell the first of two drugs in the abortion process in 20 states. This comes after GOP attorneys general in some states wrote to the Food and Drug Administration (FDA) asking it to revoke its ban on the medication abortion drug mifepristone. The US Supreme Court last year ruled that women…
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The settlements amount to $10 billion.
US state and local governments have announced a settlement with Walgreens and CVS Health to resolve their lawsuits over the opioid abuse epidemic in the country. The companies have agreed to make changes to their practices to reduce the illegitimate use of prescription opioids. The settlement will involve up to $6 billion in cash, plus…
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The companies will pay $10 billion for the lawsuits relating to the sales of prescription drugs.
US state attorneys general on Thursday announced settlement with Walgreens for $5.7 billion over the last 15 years to fight against the opioid crisis. “We’ve reached an agreement that would be the first resolutions reached with pharmacy chains and will equip communities across the country with the… tools to fight back against this epidemic,” the…