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    Opioid crisis

    April

    Bob Sternfels was accused of lying to Congress in a lawsuit filed last week.

    McKinsey uses Chumbawamba to boost morale

    The firm sought to rally partners at a meeting, but has been hit by news of a criminal investigation and lawsuit from a former senior partner in the past week.

    • Ambereen Choudhury and Amy Bainbridge

    June 2023

    Medical schools have few protections for students in relation to aggressive marketing from drug companies.

    Do drug companies have too much influence on medical students?

    Universities have done little to protect medical students from the undue influence of pharmaceutical companies.

    • Julie Hare

    September 2021

    The drug led to the deaths of more than 500,000 people nationwide.

    Sackler family keeps riches despite $6b deal to settle opioid claims

    The bankruptcy settlement will end thousands of lawsuits over the deaths of more than 500,000 people across the US.

    • Jan Hoffman

    June 2021

    The settlement means Johnson and Johnson will not be part of a major lawsuit.

    Johnson & Johnson pays over $300m to settle opioid case

    The agreement came just days before opening arguments in a sweeping trial targeting big pharmaceutical companies.

    • Sarah Maslin Nir

    February 2021

    Mesoblast CEO Silviu Itescu raised the possibility of the group commercialising its back pain drug on its own in the key US market.

    Mesoblast ‘excited’ by back pain trial results

    Despite the mixed results, the regenerative medicine company plans to engage with the powerful US regulator after delivering the late results of its highly anticipated back pain trial.

    • Carrie LaFrenz
    McKinsey will not admit wrongdoing in the settlement, to be filed in state courts on Thursday, but it will agree to court-ordered restrictions on its work with some types of addictive narcotics.

    McKinsey settles for $US573m over role in opioid crisis

    Result comes after lawsuits unearthed a trove of documents showing how McKinsey drove sales of Purdue Pharma’s OxyContin painkiller amid an opioid epidemic in the US.

    • Michael Forsythe and Walt Bogdanich