Walgreens settles New York charges it inflated prices of infant formula-February 2024-www.financetom.com

Walgreens settles New York charges it inflated prices of infant formula

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Walgreens settles New York charges it inflated prices of infant formula

Mar 11, 2024 3:22 PM

NEW YORK, March 11 (Reuters) - Walgreens has

settled charges by New York Attorney General Letitia James that

the pharmacy chain grossly inflated prices on at least 20 infant

formula products in 2022 after a recall by Abbott Labs ( ABT )

led to a nationwide shortage.

Walgreens did not admit or deny wrongdoing in entering an

assurance of discontinuance dated March 7 and made public on

Monday.

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