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Last week, the U.S. Department of Justice filed a civil complaint against Walgreens Boots Alliance Inc (NASDAQ:WBA) and its subsidiaries, alleging widespread violations of the Controlled ...
A Walgreens store in Brooklyn, N.Y., on June 27, 2024 The Department of Justice said Friday that it sued pharmacy giant Walgreens over allegedly dispensing millions of unlawful prescriptions.
Jul. 3—Vermont regulators filed a 40-page complaint against Walgreens Pharmacy, calling for disciplinary action to be taken, up to and including revoking its license to dispense medication in ...
[8] [2] Pessina was chairman of Alliance Boots from 2007 to 2014, and serves as Executive Chairman of Walgreens Boots Alliance (WBA). [2] He is a director of the Consumer Goods Forum. [2] [9] In July 2020, it was announced that Pessina would step down as CEO of WBA to take a less hands on role and replace Jim Skinner as executive chairman. [10]
Walgreens had previously purchased 45% of the company for $4.0 billion and 83.4 million common shares in August 2012 with an option to purchase the remaining shares within three years. [4] Walgreens became a subsidiary of the newly created company after the transactions were completed. [5]
One Walgreens pharmacy in Fort Myers, Florida, ordered 95,800 pills in 2009, but by 2011, this number had jumped to 2.2 million pills in one year. Another example was a Walgreens pharmacy in Hudson, Florida, a town of 34,000 people near Clearwater, that purchased 2.2 million pills in 2011, the DEA said.
A spokesperson for Walgreens said that about 25% of the stores were not contributing to the chain's long-term strategy, per the Columbus Dispatch, and as a result, will close a "significant ...
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