IRS Should Use Tax Law To Combat The Opioid Epidemic

By Kat Allen (May 17, 2019, 4:32 PM EDT) -- State governments and the U.S. Department of Justice are finally targeting pharmaceutical companies for their part in for the opioid epidemic. Purdue Pharma LP, the maker of OxyContin, agreed to pay $270 million to the state of Oklahoma to avoid going to trial on allegations of misleading marketing. Rochester Drug Cooperative Inc. recently agreed to pay the federal government $20 million after it admitted it intentionally violated federal laws by shipping opioids to pharmacies known for illegal distribution. Most recently, a federal jury found Insys Therapeutics executives guilty of racketeering by bribing doctors and misleading insurers about patient needs for the company's fentanyl-based drug....

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