In a federal court in Ohio, hundreds of cases against more than a dozen pharmaceutical companies are being negotiated. Odds that a large settlement fund will emerge seem to be growing. The presiding judge is pushing for a settlement to be in place before year-end.
Reducing revenues and increasing spending in the midst of economic expansion may be foolhardy, but nonprofits will benefit from the end of seven years of austere federal budgets.
As the opioid crisis rages on, President Trump pushes for penalties while health agencies seek funding for treatment.
It appears that the new focus on corporate social responsibility goes two ways. If it is assumed that philanthropy is part of a corporation’s public image, nonprofits must consider whether they wish to help enhance that by accepting gifts.
Purdue Pharma ends direct sales calls to doctors for OxyContin, but still faces growing legal pressures. Meanwhile, Purdue’s owners, the philanthropic Sackler family, face their own reckoning, as the drug that brought them billions continues to decimate many US communities.
A new study breaks down the cost of the opioid crisis by state. For West Virginia, the hardest hit state, total costs, including the value of lives lost, exceeded $4,700 per person in 2015.
Financial guru Kate Barr is fond of saying there’s one “worst” financial decision that nonprofits make. Do you know what it is?
Three American Indian nations in the Dakotas, supported by two former US attorneys, filed suit this week against a slew of pharmaceutical manufacturers and distributors. The suit seeks damages based in part to the disparate impact of the opioid crisis on American Indian populations.
Drug companies have been fined over excessive promotion of opioids, but their business model has been largely unaffected to date. However, that may be changing as lawsuits filed by states, local governments, and American Indian nations mount and opioid deaths rise.
As the opioid crisis drags on, nonprofit workers on the front lines are getting burned out. With all the attention focused on the crisis, shouldn’t we do a better job supporting the organizations most directly helping the victims?
