Hi, today we are going to talk about Cardinal Health and its current landscape.
The opioid crisis has been plaguing the U.S at the most for nearly two years now. With scary numbers like the record of 47,600* overdose deaths caused by opioids in 2017 but the number seems to start slowdown since 2018 were the war against opioids gained some traction.
In the justice field, some companies have already faced some sort of rebuke for involvement and even a bit of responsibility for the opioid crisis. For example
*Jun 2019, Insys Therapeutics Inc. had to file for bankruptcy after being convicted for conspiring to bribe doctors to increase opioid sales, ending up in a deal with the federal government of $225 million.
* Aug 2019, Johnson & Johnson was obligated to pay $572 Million, as Oklahoma ruled that the company intentionally played down the dangers and oversold the benefits of opioids.
* Oct 2019, Johnson & Johnson was once more condemned by two counties of Ohio to pay $20.4 million, with the accusation of having helped the opioid crisis to spread.
* Nov 2019, New York Federal Prosecutors opened a criminal investigation over six companies ( Teva Pharmaceutical Industries Ltd, Mallinckrodt, Johnson & Johnson, Amneal Pharmaceuticals Inc. AmerisourceBergen Corp., and McKesson Corp. to see if they intentionally allowed opioid painkillers to flood communities.
Now, the State of Michigan has sued four companies over the deadly painkiller epidemic as drug dealers. The Attorney General Dana Nessel filed a lawsuit against Cardinal Health, which could lead to unknown sanctions and liabilities for the company in Michigan, and possible further problems since its the first time. The war against opioids it's just poised to grow up as every justice department across the country and every candidate that it's next to run on elections its eager to hang this trophy on the wall.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
*Source: Centers for Disease Control and Prevention ( CDC )
The opioid crisis has been plaguing the U.S at the most for nearly two years now. With scary numbers like the record of 47,600* overdose deaths caused by opioids in 2017 but the number seems to start slowdown since 2018 were the war against opioids gained some traction.
In the justice field, some companies have already faced some sort of rebuke for involvement and even a bit of responsibility for the opioid crisis. For example
*Jun 2019, Insys Therapeutics Inc. had to file for bankruptcy after being convicted for conspiring to bribe doctors to increase opioid sales, ending up in a deal with the federal government of $225 million.
* Aug 2019, Johnson & Johnson was obligated to pay $572 Million, as Oklahoma ruled that the company intentionally played down the dangers and oversold the benefits of opioids.
* Oct 2019, Johnson & Johnson was once more condemned by two counties of Ohio to pay $20.4 million, with the accusation of having helped the opioid crisis to spread.
* Nov 2019, New York Federal Prosecutors opened a criminal investigation over six companies ( Teva Pharmaceutical Industries Ltd, Mallinckrodt, Johnson & Johnson, Amneal Pharmaceuticals Inc. AmerisourceBergen Corp., and McKesson Corp. to see if they intentionally allowed opioid painkillers to flood communities.
Now, the State of Michigan has sued four companies over the deadly painkiller epidemic as drug dealers. The Attorney General Dana Nessel filed a lawsuit against Cardinal Health, which could lead to unknown sanctions and liabilities for the company in Michigan, and possible further problems since its the first time. The war against opioids it's just poised to grow up as every justice department across the country and every candidate that it's next to run on elections its eager to hang this trophy on the wall.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
*Source: Centers for Disease Control and Prevention ( CDC )