Rochester Drug Cooperative Files for Bankruptcy Protection

Rochester Drug Cooperative Inc. filed for bankruptcy to effectuate an organized wind-down of operations.

• Co. listed assets of more than $50m and debt of more than $100m in Chapter 11 documents filed Thursday in U.S. Bankruptcy Court in Rochester, New York
• During the past five years, the company has been named as a defendant in “numerous” state and federal litigation involving the sale of controlled substances, including opioids
  • Co. has incurred over $1.6m in attorney’s fees and defense costs
• The cooperative, which was formed in 1905, was recently ranked as the sixth largest pharmaceutical distributor in the U.S., according to ...