A statement from privately-held US drugmaker Purdue Pharma – a company that has been strongly linked with the US opioid epidemic – suggests that reports of an imminent settlement might not be entirely wrong.
NBC News quoted ‘two people familiar with the matter’ in suggesting that Purdue and its owners were prepared to offer $10 billion to $12 billion to settle the lawsuits linking the company – which marketed the painkiller Oxycontin (oxycodone) – with contributing to the addiction crisis.
This article is accessible to registered users, to continue reading please register for free. A free trial will give you access to exclusive features, interviews, round-ups and commentary from the sharpest minds in the pharmaceutical and biotechnology space for a week. If you are already a registered user please login. If your trial has come to an end, you can subscribe here.
Login to your accountTry before you buy
7 day trial access
Become a subscriber
Or £77 per month
The Pharma Letter is an extremely useful and valuable Life Sciences service that brings together a daily update on performance people and products. It’s part of the key information for keeping me informed
Chairman, Sanofi Aventis UK
Copyright © The Pharma Letter 2024 | Headless Content Management with Blaze