Search Results for: pharmaceuticals

West Virginia Attorney General Patrick Morrisey announced Wednesday that pharmacy retailer Walgreens has agreed to pay an $83 million settlement over its opioid distribution practices within an 8-year period. The state of West Virginia sued the pharmacy chain, along with others, for failure to maintain “effective controls against diversion as a distributor and dispenser,” which [...]

The US Department of Justice (DOJ) Thursday filed a complaint in the US District Court for the Eastern District of Pennsylvania against AmerisourceBergen Corp., a drug distributor the DOJ alleges “fueled” the country’s opioid epidemic. The complaint claims AmerisourceBergen, one of the country’s largest drug distributors, repeatedly refused to fulfill its legal obligation to report [...]

The City of Buffalo, New York Tuesday filed a complaint against major gun manufacturers for fueling gun violence through their business practices. The case is in the Supreme Court for the State of New York in Erie County. The 194-page complaint notes and documents the rise in gun violence in Buffalo and the state of [...]

New York Attorney General Letitia James Thursday reached a $523 million settlement with opioid manufacturer Teva Pharmaceuticals Industries. The settlement is the largest reached with an individual state; state and local governments also reached a nationwide settlement with Teva earlier this year for $4.35 billion. In total, New York will receive $523 million from Teva–$210 [...]

Spanish anitrust agency Comisión Nacional de los Mercados y la Compentencia (CNMC) Tuesday fined US pharmaceutical company Merck Sharp and Dohme (MSD) 39 million euros for abuse of the market. The agency claims that MSD took unjustified legal action against its Spanish competitor Insud Phrama under the false pretense of protecting its patent. According to [...]

On one hand, the US Department of Health and Human Services (HHS) designates access to nutritious foods as a social determinant of health — a factor, like economic stability and education, that has a major impact on the US population’s health, well-being, and quality of life. But on the other, free market ideals and resistance [...]

US District Judge Charles Breyer ruled Wednesday that the nationwide pharmacy chain Walgreens contributed to and is liable for the opioid epidemic in San Francisco. This decision results from a month-long bench trial in the US District Court for the Northern District of California. San Francisco City Attorney David Chiu sued Walgreens for public nuisance [...]

Tennessee’s Attorney General Herbert Slatery announced Wednesday that the state is suing retail pharmacy giant Walgreens, accusing the chain of contributing to the state’s opioid crisis by failing to maintain effective controls against the abuse of opioids. The lawsuit states that between 2006 and 2020 Walgreens distributed over 1.1 billion oxycodone and hydrocodone pills, amounting [...]

Opioid manufacturer Teva Pharmaceuticals Industries Tuesday announced a $4.35 billion settlement with state and local governments to resolve lawsuits concerning Teva’s role in fueling the US opioid epidemic. The settlement is not yet finalized. Teva is an Israeli multinational pharmaceutical company which manufactures prescription medication including opioids. In recent years, US states, cities, counties and [...]

The Vatican Tuesday announced a new investment policy, and the entity will close all of its foreign investment accounts. The new policy governs the ethical standard for investments, restricting investments that don’t “contribut to a more just and sustainable world.” The guidelines require that all foreign investment accounts be consolidated into one account in APSA, [...]