Drug distributor’s ex-CEO indicted in opioid crisis
The former head of a drug distributor has been indicted on what federal prosecutors say are the first criminal charges against a drug company executive to stem from the opioid crisis.
The indictment unsealed Tuesday alleges former Rochester Drug Co-Operative CEO Laurence Doud III ordered subordinates to ignore red flags about certain pharmacy customers to maximize revenues and his pay, which more than doubled between 2012 and 2016 as company sales of opioids soared.
Doud, 75, surrendered to authorities in New York City. His lawyer says he will fight the charges.