Tag

Drug Stores

All articles tagged with #drug stores

business2 years ago•3 min saved

Rite Aid's Bankruptcy Filing Amidst Sales Slump and Opioid Litigation

Rite Aid, the third-largest standalone pharmacy chain in the US, has filed for Chapter 11 bankruptcy protection due to financial struggles exacerbated by its runner-up status to bigger chains and expensive legal battles over alleged unlawful opioid prescriptions. The company has been deep in the red for the past six years, with losses totaling nearly $3 billion. Rite Aid plans to accelerate store closures, sell off some businesses, and resolve legal disputes through bankruptcy. It has secured $3.5 billion in financing and debt reduction agreements to stay afloat. The company appointed a new CEO and aims to remain in business while strengthening its financial foundation.

via CNN|

#bankruptcy #business #drug-stores

health2 years ago

"Narcan: Over-the-Counter Solution to U.S. Opioid Crisis"

In a significant development in the fight against the U.S. opioid crisis, Narcan, a medication used to reverse opioid overdoses, is now available for purchase in drug stores without a prescription. This move aims to improve access to the life-saving drug and empower individuals to respond quickly in emergency situations. Narcan has been hailed as a gamechanger in preventing opioid-related deaths, and its availability in drug stores is expected to save more lives by making it more accessible to those who need it.

via NBC 10 Philadelphia|

#access-to-medication #drug-stores #health