USA. Purdue Pharma Is Dissolved and Sacklers Pay $4.5 Billion to Settle Opioid Claims
USA. Purdue Pharma Is Dissolved and Sacklers Pay $4.5 Billion to Settle Opioid Claim
The ruling in bankruptcy court caps a long legal battle over the fate of a company accused of fueling the opioid epidemic and the family that owns it.
(…) Purdue Pharma, the maker of the highly addictive painkiller OxyContin, was dissolved on Wednesday in a wide-ranging bankruptcy settlement that will also require the company’s owners, members of the Sackler family, to turn over billions of their fortune to address the deadly opioid epidemic. (…)
The Sacklers’ payments will come from their investments and the sale of their international pharmaceutical companies, over seven years. Purdue will pay roughly $500 million. Anticipated profits from the new company’s drugs, including OxyContin, will provide additional funds. (New York Times, 01.09.2021)