File – CVS Pharmacy logo. (AP Photo/Charles Krupa, File)
LAS VEGAS (KLAS) — Nevada will receive $151.9 million from CVS Pharmacy as part of a settlement over the opioid crisis, according to information released Tuesday by Attorney General Aaron D. Ford.
According to a news release, “This settlement brings AG Ford to Nevada in a total of $606 million related to opioid litigation.”
The Attorney General’s Office said CVS negotiated in good faith. The settlement would require CVS to develop a controlled substance dispensing monitoring program that includes a list of red flags for patients, prescriptions and prescribers.
The state will receive $66.6 million of the settlement, with $80.9 million going to local governments throughout the state.
The state’s share will be deposited in the Nevada Resilience Fund.
The settlement was announced Tuesday at a press conference outside the Attorney General’s Office in Carson City.
“My office will never stop fighting to hold companies and organizations responsible for contributing to the opioid epidemic crisis,” Ford said. “The resources and money brought to the state through our settlements will be of great help to Nevadans. is.”
In 2022, the state reached an agreement with county and city governments, which are actively suing opioid companies, to allocate opioid-related recovery funds. “The One Nevada Agreement on the Allocation of Opioid Recalls provides for the fair and equitable distribution of funds from Nevada’s opioid-related settlements among the state and various local governments to remediate harm, impact, and risk. It provides a framework for how to use the opioid epidemic in the state,” the attorney general’s office said.
Details of payments to county and city governments were not disclosed.
