Bob Sterfels, Global Managing Partner, McKinsey & Company, testifies remotely at a House Oversight and Reform committee hearing on Wednesday, April 27, 2022, in Washington. WASHINGTON — — House Democrats vowed to continue investigating consulting giant McKinsey's work with opioid drugmakers after a Wednesday hearing detailed how the firm had advised companies pushing painkillers as well as U.S. health regulators.U.S.
“I’ve apologized for our work for Purdue and other opioid manufacturers and we fully recognize it fell short of our standards,” said Bob Sternfels in testimony before the House Oversight and Reform Committee. He said the company would continue cooperating with investigators.
Lawmakers heard conflicting accounts of whether McKinsey’s work helped Purdue avoid tighter FDA regulation. Maloney and other Democrats repeatedly suggested McKinsey's work may have violated federal contracting rules on disclosing potential conflicts of interest. “We have a new opioid crisis, folks, and it's not from big pharma in the United States— it's from the drug cartels who operate sites in Mexico,” said Rep. Byron Donalds, R-Florida.
The Oversight Committee scrutinized McKinsey's work on three dozen FDA contracts worth more than $65 million, stretching from 2008 to 2021.
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