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Purdue Pharma

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auto-detected in 7 stories

3 months ago

Company behind painkiller OxyContin to be reorganised as a public benefit corporation called Knoa
The deal is expected to be one of the largest settlements against an opioid manufacturer, with funds for victims.
A federal bankruptcy judge said on Friday he will approve a restructuring plan for drugmaker Purdue Pharma that includes a $7.4 billion settlement.

Deal would also require multibillionaire family to give up ownership of the Connecticut-based firm

A federal bankruptcy court judge on Friday said he would approve OxyContin-maker Purdue Pharma’s late…

13 months ago

As part of the settlement, the billionaire family behind Purdue Pharma has agreed to pay up to $6.5 billion and give up ownership of the company, which would pay nearly $900 million.

Settlement resolves thousands of lawsuits alleging Oxycontin caused addiction crisis

The Sackler family, which owns the OxyContin maker Purdue Pharma, has agreed to pay up to $7.4bn in a settlement to…

14 months ago

Former senior partner also agrees guilty plea in connection with consulting firm’s work for Purdue Pharma and others

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