Walmart Stock (NYSE:WMT)
According to the announcement made by the state’s attorney general on Thursday, Walmart Inc. has reached a settlement in which it will pay $215 million to address allegations that its pharmacies contributed to an epidemic of opioid addiction in the state of Florida. Despite this, Walmart stock witnessed a gain today.
As part of the agreement, Walmart (NYSE:WMT) has also promised to provide 672,000 treatment kits containing the anti-overdose medication naloxone to first responders in the state. These kits will be distributed across the state.
Attorney General Ashley Moody issued a statement expressing her appreciation to Walmart for “stepping up and committing to work with the state to give law enforcement and first responders much-needed Naloxone.” Walmart stock has agreed to do so. This will tremendously assist us in our ongoing endeavor to stop the opioid epidemic and save lives.
The state has already reached settlements with drugstore operators Walgreens Boots Alliance (NASDAQ:WBA) and CVS Health Corp (NYSE:CVS), drugmakers Teva Pharmaceutical Industries (NYSE:TEVA) Ltd and AbbVie Inc (NYSE:ABBV), and other companies before this agreement is reached.
According to Moody’s (NYSE:MCO) office, the state has obtained a total of $3.2 billion via legal action to assist in the battle against the opioid epidemic.
Walmart spokesman Randy Hargrove stated in a statement that “this cooperation is the newest step in Walmart’s commitment to combat the opioid epidemic.” “This partnership is the latest chapter in Walmart’s commitment to fighting the opioid crisis.”
The corporation did not acknowledge any wrongdoing in its statement.
Featured Image- Megapixl @ Chatdesbalkans
Author Shariq Khan 
