BUZZ-Walgreens falls after US accuses co of filling unlawful opioid prescriptions
Shares of pharmacy operator Walgreens Boot Alliance WBA.O fall 7.4% to $11.59 premarket
Late on Friday, U.S. Justice Department accused WBA of contributing to the opioid epidemic by filling millions of unlawful prescriptions for addictive painkillers and other drugs
The DoJ lawsuit was announced after WBA filed a lawsuit on Thursday challenging U.S. Drug Enforcement Administration policies seeking to ensure that stricter standards at pharmacies for dispensing controlled substances
"We see this as largely headline risk for the time being, with an opportunity for the courts to set out clearer pathways going forward regarding pharmacist/pharmacy obligations regarding filling prescriptions" - brokerage Evercore ISI
WBA fell 64.3% in 2024
(Reporting by Puyaan Singh)
((Puyaan.Singh@thomsonreuters.com;))
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