Opioids

Walgreens Boots Alliance Inc (NASDAQ:WBA) on Monday said it will pay $300 million to resolve federal allegations that the company filled millions of invalid prescriptions for opioids and other controlled substances. Earlier this year, the U.S. Department of Justice filed a civil complaint against...

A new study has found that people with a history of opioid abuse who took Novo Nordisk‘s (NYSE:NVO) Ozempic weight loss drug were significantly less likely to overdose, adding to growing evidence suggesting that the drug, primarily used for diabetes and weight loss, could help manage drug...

On Thursday, the Supreme Court temporarily blocked a $6-billion bankruptcy settlement by Purdue Pharma, the maker of the opioid OxyContin, that would shield the Sackler family from civil lawsuits related to the opioid crisis. The court also announced that it will hear a challenge to the settlement...

Over 109,000 Americans lost their lives to drug overdoses in the 12 months ending in January 2023, representing a slight increase of 0.7% compared to the previous year.  Fentanyl, a highly potent opioid, has played a significant role in the opioid crisis and the surge in drug overdoses in the...

People who live with the pain, nausea, anxiety, depression and other symptoms of fibromyalgia also live with the sad fact that there’s no cure and not a single drug to treat this condition that affects 3% to 5% of the world's population and 3.5 million people in ...

The U.S. government reportedly sued Rite Aid Corp (NYSE: RAD), saying the company missed "red flags" as it illegally filled prescriptions for controlled substances, including opioids. The Justice Department joined a whistleblower lawsuit filed in 2019 by two pharmacists and a...

Struggling with the opioid crisis, U.S. authorities plan to substantially expand access to medications tackling opioid addiction, such as methadone, buprenorphine, and naltrexone. In September, the federal government announced $1.5 billion in funding to tackle opioid overdoses, sanctions against...

The nonprofit organization Safehouse has been in continuous communication with the U.S. Department of Justice (DOJ) to open a space where people can inject illegal opioids under medical supervision. In a recent press release, the organization stated that conversations continue to be productive....

San Francisco will start a trial against Walgreens Boots Alliance Inc (NASDAQ: WBA) and three other companies accused of fueling an opioid crisis in the city. San Francisco has alleged that Walgreens, Teva Pharmaceutical Industries Ltd (NYSE: TEVA), AbbVie Inc's (...

West Virginia's attorney general urged a judge to hold Johnson & Johnson (NYSE: JNJ), Teva Pharmaceuticals Industries Ltd (NYSE: TEVA), and AbbVie Inc's (NYSE: ABBV) Allergen accountable for causing a "tsunami" of opioid addiction in the...

Florida has reached more than $878 million in settlements with CVS Health Corp (NYSE: CVS) and three drug companies to resolve claims and avert a trial next month over their roles in fueling an opioid epidemic. CVS will shell out $484 million, Teva Pharmaceutical Industries Ltd...

Rhode Island's attorney general announced settlements worth $107 million against Teva Pharmaceutical Industries Ltd (NYSE: TEVA) and AbbVie Inc's (NYSE: ABBV) Allergan unit to resolve claims over their roles in the opioid epidemic. According to the Reuters report, the...

Johnson & Johnson (NYSE: JNJ) shares are trading higher Friday after the company agreed to finalize a proposed $26 billion settlement resolving more than 3,000 lawsuits, mainly by state and local governments, seeking to hold it and three other companies responsible...

Distributors McKesson Corporation (NYSE: MCK), AmerisourceBergen Corp (NYSE: ABC), Cardinal Health Inc (NYSE: CAH), and Johnson & Johnson (NYSE: JNJ) have agreed to finalize a proposed $26 billion settlement resolving claims by states and local...

Opiant Pharmaceuticals Inc (NASDAQ: OPNT) announced topline results from a multi-dose pharmacokinetic (PK) study for OPNT003, nasal nalmefene, for opioid overdose.  The crossover design study was conducted in 23 healthy subjects comparing the PK profile, safety, and...