Replies to post #329184 on Innovation Pharmaceuticals Inc (IPIX)

[dreamer0]

I agree the numbers were staggering...and sorry bout the kid!

Btw- The PF Labs will be dismantled in other words..owners r forced to sell the company to pay the fines.

Contributing to the opioid crisis
The company, which filed for bankruptcy in 2019, pleaded guilty to violating federal anti-kickback laws, as it paid doctors ostensibly to write more opioid prescriptions.

Abuse of prescription painkillers is a major cause of the nation's opioid crisis. According to the Centers for Disease Control, 450,000 people died in the United States in the 10 years starting in 1999 from overdoses involving any opioid, including prescription and illicit opioids. And about a third of those deaths in 2018 involved prescription opioids.

In addition, Influx of illicit opioids from all over the world... especially from China (fentanyl) n other South American countries.