The Strategist

USA fines Rochester Drug Cooperative for $ 20 million in connection with opioid crisis


04/24/2019 - 15:48



The US authorities filed the first criminal charges and fines for a private company on charges of contributing to a sharp increase in mortality in the United States in recent years due to the use of synthetic opioid drugs.



The New York Southern District Prosecutor’s Office has filed criminal charges against Laurence Doud III, the former Chief Executive Officer of Rochester Drug Cooperative, and William Pietruszewski, Commercial Director of Rochester Drug Cooperative.

The former top managers of one of the largest US pharmaceutical companies were accused of illegally distributing oxycodone and fentanyl, synthetic opioids. Rochester Drug Cooperative, one of the top 10 US drug distributors, was fined $ 20 million.

In recent years, the United States has witnessed an epidemic of overdose with synthetic painkillers. After the investigation, the American authorities began to sue the largest companies that manufacture and distribute such drugs in the United States.

Criminal charges and fines brought by Rochester Drug Cooperative are likely to be the first of the companies' subsequent punishments by authorities seeking to stop the spread of the epidemic.

source: finance.yahoo.com




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