The Mysteries Surrounding Rhodes Pharmaceuticals, the Sackler Family ' s Second Opioid Company

 Mysteries still abound in the not so wonderful world of health care dysfunction, so, quick, the game ' s afoot...Today ' s mysteries involve beneficial ownership.  Beneficial ownership questions are important to anti-corruption campaigners.  Beneficial ownership simply refers to " anyone who enjoys the benefits of ownership of a security or property, without being on the record as being the owner. " (per Wikipedia). Concealing who really owns a company enables concealing sources of funds (as in money laundering), market power (when the owner also owns competitors), and sources of political influence, and enables those benefiting from the actions of the company to escape responsibility for their consequences.A few months ago, a big question about the beneficial ownership of a local (to me) company suggested important local and national health care implications, and yet the case has remainedanechoic.  The case has some mysterious aspects.The  Mystery of the Ownership of Rhodes Technologies and Hence Rhodes Pharmaceuticals SolvedIn September, the UK basedFinancial Times reported,The billionaire Sackler family, which has been blamed for fuelling the US opioid addiction epidemic, owns a second drugmaker that churns out millions of addictive painkiller pills every year, the Financial Times can reveal.The Sacklers are best known as the owners ofPurdue Pharma, the privately held drugmaker that makes the now infamous opioid painkiller OxyContin, which has bee...
Source: Health Care Renewal - Category: Health Management Tags: anechoic effect concentration of power conflicts of interest dark money deception Donald Trump health care corruption marketing narcotics Purdue Pharma Source Type: blogs