Categories: Economy

The McKinsey Investigation: Consulting Firm Accused of Aiding Opioid Manufacturers in Crisis

In recent years, the US Department of Justice has launched a criminal investigation into consulting firm McKinsey for its past advising of some of the largest opioid manufacturers in the nation. The investigation centers around suspicions that the firm helped increase sales for these manufacturers by providing consulting services.

Federal prosecutors are looking into whether McKinsey or its employees obstructed legal proceedings related to its consulting services to opioid manufacturers. A grand jury has been empaneled in Virginia as part of the federal investigation, which is being conducted by the U.S. Attorney’s Offices for the Western District of Virginia and the District of Massachusetts.

McKinsey has declined to comment on the investigation. The criminal investigation is focusing on the consulting advice provided by McKinsey to drugmakers like Purdue, Endo International, and Mallinckrodt. These consulting services led to civil lawsuits against McKinsey in the past for its alleged role in exacerbating opioid addiction.

In recent years, McKinsey reached a settlement with all 50 states in the US, along with Washington, D.C., and five U.S. territories to pay $642 million without admitting wrongdoing for its role in the opioid crisis. The company also reached agreements totaling $347 million with public schools, insurance companies, and more. McKinsey has maintained that it was helping legal use of opioids and patients with legitimate medical needs.

The pharmaceutical companies that McKinsey advised faced mass lawsuits for allegedly fueling addiction through deceptive marketing practices. For example, McKinsey’s recommendations to Purdue included strategies to increase OxyContin sales such as targeting high-volume prescribers and reducing time spent on low-volume prescribers.

In 2019, McKinsey stopped working with opioid-specific businesses and claimed that its work for Purdue was aimed at supporting legal opioid use only.

Overall, McKinsey’s role in advising pharmaceutical companies on increasing opioid sales has come under scrutiny as part of a larger investigation into the opioid crisis in the United States.

The consequences of McKinsey’s actions have had far-reaching impacts on public health and

Eleanor Thompson

As a content writer at newslopp.com, I am passionate about transforming ideas into engaging stories that captivate and inform our readers. With a keen eye for detail and a love for crafting compelling narratives, I strive to create content that resonates with our audience and keeps them coming back for more. From breaking news to in-depth features, I am dedicated to delivering high-quality, well-researched articles that spark conversation and inspire thought. My goal is to connect with our readers on a personal level, providing them with valuable insights and fresh perspectives on a wide range of topics. Join me on this exciting journey as we explore the world through the power of words.

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Eleanor Thompson

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