ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Mexico cracks down on 23 pill-pushing pharmacies at Caribbean resorts after U.S. travel warning

Mexican authorities raided and closed 23 pharmacies at Caribbean coast resorts this week after a research report warned drug stores were selling fake opioids to foreigners.

Mexico has closed down 23 pharmacies at Caribbean coast resorts after a research report warned drug stores were selling fake opioids to foreigners, authorities said Tuesday.

Mexican authorities said a four-day raid targeted drugstores in Cancun, Playa del Carmen and Tulum accused of pushing pills passed off as Oxycodone, Percocet and Adderall without prescriptions. 

The raid came months after the U.S. State Department warned travelers about counterfeit pills sold at pharmacies in Mexico that often contain fentanyl.

The Mexican Navy said Tuesday that irregular sales were found at 23 of the 55 drug stores investigated, per The Associated Press.

GOP REP'S BILL WOULD CONFISCATE ASSETS FROM DRUG CARTELS TO FUND BORDER WALL, TACKLE FENTANYL CRISIS

The Navy said the pharmacies usually offered the pills only to tourists, and the drugstores advertised such pills and even offered home delivery for them.

The Navy said it found outdated medications and some for which there was no record of the supplier, as well as blank or unsigned prescription forms.

MEXICAN CONSULATE WARNS CITIZENS IN DC ABOUT CRIME SURGE IN US CAPITAL

A research paper published by UCLA in January found that 68% of the 40 Mexican pharmacies visited in four northern Mexico cities sold Oxycodone, Xanax or Adderall without prescriptions. Researchers said that 27% of those pharmacies were pushing fake pills. 

UCLA said the study found that "brick and mortar pharmacies in Northern Mexican tourist towns are selling counterfeit pills containing fentanyl, heroin and methamphetamine. These pills are sold mainly to U.S. tourists and are often passed off as controlled substances such as Oxycodone, Percocet and Adderall."

"These counterfeit pills represent a serious overdose risk to buyers who think they are getting a known quantity of a weaker drug," Chelsea Shover, assistant professor-in-residence of medicine at the David Geffen School of Medicine at UCLA, said in February.

The State Department's travel warning in March added that counterfeit pills being sold at Mexican pharmacies "may contain deadly doses of fentanyl." 

2 MEXICAN TAXI DRIVERS ARRESTED FOR ASSAULT ON TOURIST VAN IN CANCUN

Mexican authorities did not confirm any fentanyl-laced pills were found during the raid but said the seized medications would be tested for the deadly opioid, The Associated Press reported.

Fentanyl is a synthetic opioid that’s taken thousands of Americans lives. The drug is approximately 100 times more potent than morphine and 50 times more potent than heroin as an analgesic, according to the Drug Enforcement Administration. Illegal drugmakers produce fentanyl as a powder, candy, eye drop liquid and nasal spray, according to the National Institute on Drug Abuse (NIDA). 

In some cases, Mexican drug cartels create counterfeit pills that resemble a name brand prescription medication, or they mix fentanyl with another narcotic, which can have fatal consequences.

Tens of thousands of Americans have died from synthetic opioid overdoses and fentanyl is a primary cause, according to the NIDA.

CLICK TO GET THE FOX NEWS APP

The drug has been blamed for about 700,000 overdose deaths per year in the United States. 

Fox News' Cortney Moore and the Associated Press contributed to this report.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.