U.S. government watchdog faults DEA for slow response to opioid crisis [Reuters (UK)]
McKesson Corporation (MCK)
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Source: Reuters
U.S. government watchdog faults DEA for slow response to opioid crisis - Reuters 3 Min Read (Reuters) - A U.S. government watchdog on Tuesday harshly criticized the Drug Enforcement Agency for its response to the opioid crisis, saying that amid a surge in opioid-related deaths the agency failed to use its most powerful deterrent and authorized an increase in pain pill output. A report released by Justice Department Inspector General Michael Horowitz, whose office is an internal government watchdog, found the DEA was “slow to respond to the dramatic increase in opioid abuse” since 2000. The report criticized the DEA for cutting back on use of an enforcement tool known as “immediate suspension orders,” which allows it to halt pill shipments, between 2013 and 2017. Horowitz’s report also found that between 2002 and 2013 the DEA authorized a 400% increase in production of the opioid oxycodone, and that the agency did not significantly reduce production of the pain pill until 2017. Nearly
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MCK
News
- McKesson Co. (NYSE: MCK) had its price target raised by analysts at Morgan Stanley from $522.00 to $548.00. They now have an "overweight" rating on the stock.MarketBeat
- McKesson Co. (NYSE: MCK) had its price target raised by analysts at Argus from $510.00 to $570.00. They now have a "buy" rating on the stock.MarketBeat
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- McKesson Launches Project Oasis to Address Pharmacy Deserts in Underserved Communities [Yahoo! Finance]Yahoo! Finance
MCK
Earnings
- 2/7/24 - Beat
MCK
Sec Filings
- 3/18/24 - Form 4
- 3/15/24 - Form 144
- 3/5/24 - Form 4
- MCK's page on the SEC website