Federal prosecutors launch criminal opioid probe - WSJ

Nov. 26, 2019 1:19 PM ETTEVA, MNK, JNJ, AMRX, ABC, MCKBy: Brandy Betz, SA News Editor116 Comments
  • Federal prosecutors open a criminal investigation into whether opioid companies violated the federal Controlled Substances Act, according to WSJ sources.
  • Six companies revealed in filings that they received grand-jury subpoenas, and sources say the request was related to the Brooklyn federal probe.
  • Companies that received subpoenas: Teva (TEVA -7.7%), Mallinckrodt (MNK -5.3%), Johnson & Johnson (JNJ -1.4%), Amneal Pharmaceuticals (AMRX -10.4%), AmerisourceBergen (ABC -3.8%), and McKesson (MCK -4.6%).
  • The probe is in the early stages, and additional companies could receive subpoenas in the coming months.

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