Markets

Pharma stocks plunged after federal prosecutors launched a criminal probe into their role in fuelling the opioid crisis

Drug stocks plunged on Tuesday after the Wall Street Journal reported that federal prosecutors have launched a criminal probe into whether pharmaceutical companies purposely allowed painkillers to spread through US communities, fuelling the opioid crisis. Teva slumped 8%, Amneal dropped 10%, and Mallinckrodt, McKesson, and AmeriSourceBergen all fell by more […]
Pharma stocks plunged after federal prosecutors launched a criminal probe into their role in fuelling the opioid crisis