Nevada Reaches $152 Million Settlement with CVS in Ongoing Battle Against Opioid Crisis
By TheNevadaGlobeStaff, May 16, 2023 5:43 pm
NEVADA – Attorney General Aaron Ford announced on Tuesday morning that the state of Nevada has reached a significant settlement with CVS in their ongoing fight against the opioid crisis. The pharmacy giant will pay a total of $152 million to the state over the next ten years.
As part of the settlement, CVS is also required to establish a controlled substance oversight program to help prevent the misuse and abuse of opioids. This program aims to ensure that proper protocols are in place to monitor and track the distribution of controlled substances.
Attorney General Ford expressed his commitment to holding accountable those responsible for contributing to the opioid epidemic, stating, “My office will never stop fighting to hold accountable those companies and organizations that contributed to the crisis of the opioid epidemic.” He emphasized that the resources and funds obtained through such settlements will provide substantial assistance to Nevadans affected by the crisis.
The settlement will be divided between the state and the signatories of the One Nevada Agreement. Nevada will receive $66,605,257.51, which will be allocated to the Fund for Resilient Nevada. The One Nevada Agreement signatories will receive $80,984,763.40, which will be dedicated to abatement efforts within their respective jurisdictions.
This settlement marks a significant step forward in addressing the devastating impact of the opioid crisis in Nevada. The funds received will be crucial in supporting programs, initiatives, and resources aimed at combating opioid addiction and assisting affected individuals and communities across the state.
Credits: Fox Reno
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