Latest Pharmacy operators News
Judge: Walgreens contributed to San Francisco opioid crisis
SAN FRANCISCO (AP) — A federal judge ruled Wednesday that Walgreens can be held responsible for contributing to San Francisco's opioid crisis for over-dispensing highly addictive drugs for years without proper oversight and failing to identify and report suspicious orders as required by law. ...
Tennessee sues Walgreens over opioid prescription onslaught
Tennessee's attorney general said Wednesday he has sued Walgreens, accusing the drugstore chain of contributing to the state's opioid crisis by failing to maintain effective controls against the abuse of prescription pain pills. The lawsuit seeking unspecified civil penalties was...
PayPal, CVS rise; Match Group, Mercury Systems fall
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: Advanced Micro Devices Inc., down $1.20 to $98.09. The chipmaker gave investors a disappointing revenue forecast for the current quarter. PayPal Holdings Inc., up...
Growing prescriptions help push CVS past Q2 expectations
CVS Health thumped second-quarter expectations and hiked its full-year forecast as growing prescription claims and COVID-19 test kits sales countered a drop in vaccinations. A longer cough, cold and flu season also brought in more business, and claims in CVS Health's biggest segment,...
New Hampshire opioid lawsuit is latest to target pharmacies
CONCORD, N.H. (AP) — The state of New Hampshire sued pharmacy chains Tuesday, becoming the latest government entity seeking to hold them accountable for fueling the nation’s deadly opioid epidemic. The lawsuit filed by Attorney General John Formella calls CVS, Rite Aid, Walgreens...
CVS seeks verification on drugs with possible abortion use
CVS Health is asking pharmacists in some states to verify that a few of the prescriptions they provide will not be used end a pregnancy. A spokesman said Thursday that the drugstore chain recently started doing this for methotrexate and misoprostol, two drugs used in medication...
Allergan, Teva to pay $54M in San Francisco opioid lawsuit
SAN FRANCISCO (AP) — Opioid makers Allergan and Teva have agreed to pay $54 million in cash and overdose reversal drugs to settle a federal lawsuit brought by San Francisco alleging the drug industry fueled an overdose and addiction surge that created a public nuisance. City...
US allows pharmacists to prescribe Pfizer's COVID-19 pill
WASHINGTON (AP) — Pharmacists can prescribe the leading COVID-19 pill directly to patients under a new U.S. policy announced Wednesday that's intended to expand use of Pfizer's drug Paxlovid. The Food and Drug Administration said pharmacists can begin screening patients to see if...
US judge finds for 3 drug distributors in WVa opioid lawsuit
CHARLESTON, W.Va. (AP) — A federal judge on Monday ruled in favor of three major U.S. drug distributors in a landmark lawsuit that accused them of causing a health crisis by distributing 81 million pills over eight years in one West Virginia county ravaged by opioid addiction. The...
Walgreens earnings slide as number of vaccinations wane
A big opioid settlement and a COVID-19 vaccine slowdown dragged on third-quarter earnings for Walgreens, but the drugstore chain still topped expectations. Net income slid to $289 million in the quarter that ended May 31, the company said Thursday. That’s down from about $1.2...
