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CVS Puts Omnicare Pharmacy Unit in Bankruptcy Following $1 Billion Government Verdict

The Wall Street Journal•Monday, September 22, 2025 at 10:18:00 PM
NegativeFinancial Markets
CVS Puts Omnicare Pharmacy Unit in Bankruptcy Following $1 Billion Government Verdict
CVS's Omnicare pharmacy unit has filed for Chapter 11 bankruptcy after a New York jury ruled that it dispensed drugs without legitimate prescriptions, leading to a staggering $1 billion verdict against the company. This situation highlights serious legal and ethical concerns in the pharmaceutical industry, particularly regarding the dispensing of medications in long-term care settings. The outcome could have significant implications for CVS and its operations, as well as for the broader healthcare landscape.
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