New $6 billion deal will likely settle Purdue opioid litigation

4 March 2022
addiction_pills_syringe_big

An upgraded compensation package will see the owners of Purdue Pharma pay around $6 billion to bring an end to civil litigation related to the opioid epidemic in the USA.

In July 2021 the Sackler family obtained the backing of 15 US states for a settlement, worth around $4.5 billion, to pay for damages caused by its involvement in the crisis.

Lawmakers allege that Purdue helped fuel a crisis of addiction to prescription opioids through its marketing of opioid-based analgesic Oxycontin (oxycodone).

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 account

Become a subscriber

 

£820

Or £77 per month

Subscribe Now
  • Unfettered access to industry-leading news, commentary and analysis in pharma and biotech.
  • Updates from clinical trials, conferences, M&A, licensing, financing, regulation, patents & legal, executive appointments, commercial strategy and financial results.
  • Daily roundup of key events in pharma and biotech.
  • Monthly in-depth briefings on Boardroom appointments and M&A news.
  • Choose from a cost-effective annual package or a flexible monthly subscription
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

Companies featured in this story

More ones to watch >


Today's issue

Company Spotlight





More Features in Pharmaceutical