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Opioid Abuse

Business
Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits
Rite Aid Files For Bankruptcy Amid Drop In Sales, Opioid Lawsuits One of the country’s largest pharmacy chains has just filed for bankruptcy. The move by Rite Aid comes amid declining sales and a rise in debt, which hit $3.3 billion, according to midyear filings.  The company said in an announcement on Sunday, Oct. 15 that in connection with the filing, it has received a commitment for $3.45 billion in new financing from some of its lenders.  "This financing is expected to provide sufficient liquidity to support the company throughout this process," Rite Aid said. Rite Aid is one of a number of drugstore chains facing litigation related to the…

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by Joe Lombardi
News
New York Will Now Get $100M A Year From Opioid Manufacturers New York Will Now Get $100M A Year From Opioid Manufacturers
New York Will Now Get $100M A Year From Opioid Manufacturers The New York State Senate took opioid manufacturers to task Friday, approving a measure requiring all companies who manufacture or sell opioids in the state to split a $100 million annually to help pay for treatment costs. The surcharge, included in the state's $168.5 billion budget, will help cover the costs of the state-funded drug and alcohol and treatment programs. Expected to be approved by the Assembly late Friday, the surcharge is part of a series of opioid-abuse measures in the budget, including one that makes it more difficult for physicians to prescribe opioids to patients for lon…

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by Kathy Reakes