Amerisourcebergen Corp ABC:NYSE

Last Price$97.80Cboe Real-Time Last Sale as of 3:03PM ET 9/28/20
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Today's Change+1.00(1.03%)
Bid (Size)$97.72 (52)
Ask (Size)$97.85 (100)
Day Low / High$96.92 - 98.76
Volume282.9 K

Market Chatter: Federal Prosecutors Reportedly Open Probe of Opioid Makers, Distributors

3:47PM ET 11/26/2019 MT Newswires
Shares of opiod makers and distributors slumped in afternoon trade after the WSJ said federal prosecutors have opened a criminal probe into the role of drugmakers and distributors in the opioid painkillers crisis that could become the largest prosecution yet of drug companies alleged to have contributed to the crisis.

Teva Pharma (TEVA), Mallinckrodt (MNK), Mckesson (MCK), Johnson & Johnson (JNJ), Amneal Pharma (AMRX) and AmerisourceBergen (ABC) were among the companies that have received subpoenas, the report said, citing people familiar with the situation. Aside from Johnson & Johnson that eased 0.3%, all other stocks fell between 3% and almost 11%.

A spokesman for Johnson & Johnson said the company understood the subpoena was part of a broader industrywide investigation, adding that the company believes its policies and procedures to stop opioid medications from being used for non-medical purposes complied with the law, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 9.77, Change: -0.95, Percent Change: -8.91