McKinsey consulting firm to shell out $573mn to settle probes into its role in ‘turbocharging’ opioid crisis – reports ...News

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McKinsey consulting firm to shell out $573mn to settle probes into its role in ‘turbocharging’ opioid crisis – reports
The prestigious corporate consulting firm McKinsey & Company has agreed to pay up $573 million to settle investigations into its work with Big Pharma, namely its role in boosting sales of the powerful opioid narcotic oxycodone. The company struck a multi-million dollar settlement with officials across 47 states, Washington, DC and five US territories, the New York Times reported on Wednesday evening, citing five people “familiar with the negotiations.”  The company will be required to pay out $478 million of the settlement within 60 days, much of which will go to fund opioid treatment and addiction recovery programs in various states.

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