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CVS Health Agrees to $5B Settlement of Opioid Lawsuits

(AP) — CVS Health says it has agreed to pay about $5 billion to state, local and Native American tribal governments to settle lawsuits over the toll of opioids.

The deal would make the Rhode Island company the first major pharmacy chain to enter a nationwide settlement over how it handled powerful and addictive prescription painkillers. The proposed settlement brings the total of deals to settle suits governments and others have brought against drugmakers, distribution companies and pharmacies to more than $45 billion.

CVS is not admitting wrongdoing. It would make the payments over a decade.

—Copyright 2021 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

 

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