Mallinckrodt Plc, a major manufacturer of generic opioids, is backing an investor’s request it disclose its lobbying spending and plans to issue a report, according to a shareholder coalition pressing drug companies to improve oversight in light of the opioid epidemic and confirmed by the company’s proxy statement released Wednesday. The Staines-upon-Thames, England-based company told members of Investors for Opioid Accountability, who together manage $3.4 trillion in assets, it would recommend stockholders vote in favor of the group’s lobbying disclosure proposal, said co-leader Donna Meyer and Katie McCloskey, director of social responsibility for IOA member United Church Funds, lead filer of the request. “The company is making an important step,” McCloskey said. “They’re willing to be on the record with it, and I think that’s something to be applauded for. We’re just going to monitor it and see how they do.” A … [Read more...] about Opioid maker Mallinckrodt to support lobbying disclosure
Investors for opioid accountability
By Bloomberg | March 8, 2019 at 10:39 am By Polly Mosendz, Brandon Kochkod and Alexandra Stratton | Bloomberg State pension funds have historically taken stands against controversial industries, like firearms and tobacco, sometimes divesting their investments to push companies to act. But in the opioid crisis, which has generated hundreds of lawsuits seeking to hold manufacturers and distributors accountable, the funds have mostly stayed on the sideline so far. Some of the biggest ones, including New York and California pension funds, hold investments in Endo International, the largest maker of opioids after privately held Purdue Pharma LP. Even in West Virginia, which has been racked by opioid-related deaths, the state pension fund has a $1.8 million equity stake in Endo. “West Virginia is literally and metaphorically ground zero for both the opioid epidemic and litigation,” said Charles Webb, an attorney at Webb Law Centre, which represents towns that brought … [Read more...] about California and other state pensions fought guns and tobacco. Why aren’t they divesting from opioids?
POTTSVILLE, Pa. - To the state inspectors visiting the HCR ManorCare nursing home here last year, the signs of neglect were conspicuous. A disabled man who had long, dirty fingernails told them he was tended to “once in a blue moon.” The bedside “call buttons” were so poorly staffed that some residents regularly soiled themselves while waiting for help to the bathroom. A woman dying of uterine cancer was left on a bedpan for so long that she bruised. The lack of care had devastating consequences. One man had been dosed with so many opioids that he had to be rushed to a hospital, according to the inspection reports. During an undersupervised bus trip to church - one staff member was escorting six patients who could not walk without help - a resident flipped backward on a wheelchair ramp and suffered a brain hemorrhage.When a nurse’s aide who should have had a helper was trying to lift a paraplegic woman, the woman fell and fractured her hip, her head … [Read more...] about Patients suffered at nursing homes that went bankrupt after investors made millions
Peter Whoriskey and Dan Keating, The Washington Post Published 7:05 pm PST, Sunday, November 25, 2018 Pottsviile, Penn., is the home one of HCR ManorCare's facility. Pottsviile, Penn., is the home one of HCR ManorCare's facility. Photo: Washington Post Photo By Michael S. Williamson Photo: Washington Post Photo By Michael S. Williamson Image 1 of / 3 Caption Close Image 1 of 3 Pottsviile, Penn., is the home one of HCR ManorCare's facility. Pottsviile, Penn., is the home one of HCR ManorCare's facility. Photo: Washington Post Photo By Michael S. Williamson Distress detailed at nursing homes that went bankrupt after investors made millions 1 / 3 Back to Gallery POTTSVILLE, Pa. - To … [Read more...] about Distress detailed at nursing homes that went bankrupt after investors made millions
GOOD MORNING, MASSACHUSETTS. We’re already halfway through the week. WARREN'S EARLY GROUND GAME — Former staffers to Sen. Elizabeth Warren have joined Democratic state parties in three early-voting states, firming up her grassroots organization in key regions if she follows through on a 2020 presidential run. Story Continued Below Warren alums have taken key positions in New Hampshire, South Carolina and Nevada in recent months. And though Warren has only said she’d take a "hard look" at running for president in 2020 once the November midterms are over, it looks like she's already building out her ground game. "She's putting all the pieces in place. If she does decide to run, she's off to the races," political consultant Mary Ann Marsh told me. "She'll be a force to be reckoned with, no question. These are very smart moves." Within the last week or so, former Warren press secretary Saloni Sharma joined the South Carolina Democratic Party as communications director. … [Read more...] about WARREN’s ground game — GALVIN’s voter guide — TRUMP BUMP for retirees?