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Purdue Pharma

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auto-detected in 9 stories

42 days ago

OxyContin maker to be replaced by new company aiming to combat opioid crisis as legal settlement takes effect

OxyContin maker Purdue Pharma is set to be dissolved and replaced by a company focused on …

Relatives of opioid overdose victims reacted outside a US court after Purdue Pharma was sentenced over its role in the opioid crisis.

6 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…

16 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…

17 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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