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OxyContin maker Purdue Pharma reportedly exploring bankruptcy
OxyContin maker Purdue Pharma is exploring filing for bankruptcy to address potentially significant liabilities from thousands of lawsuits alleging the drug manufacturer contributed to the deadly opioid crisis sweeping the United States, people familiar with the matter said on Monday.
The deliberations show how Purdue and its wealthy owners, the Sackler family, are under pressure to respond to mounting litigation accusing the pharmaceutical company of misleading doctors and patients about risks associated with prolonged use of its prescription opioids.
Purdue denies the allegations, arguing that the U.S. Food and Drug Administration-approved labels for its opioids carried warnings about the risk of abuse and misuse associated with the drugs.
Filing for Chapter 11 protection would halt the lawsuits and allow the drug maker to negotiate legal claims with plaintiffs under the supervision of a U.S. bankruptcy judge, the sources said.
No "Big Tobacco" moment for Purdue Pharma. Cut and run.
Previously: City of Everett, Washington Sues OxyContin Maker Purdue Pharma
OxyContin's 12-Hour Problem
South Carolina Sues OxyContin Maker Purdue
Tens or Hundreds of Billions of Dollars Needed to Combat Opioid Crisis?
Purdue Pharma to Cut Sales Force, Stop Marketing Opioids to Doctors
Colorado Attorney General Sues Purdue Pharma
Related: The Dutch Supply Heroin Addicts With Dope and Get Better Results Than USA
U.S. Opioid Deaths May be Plateauing
(Score: -1, Troll) by julian on Monday March 04 2019, @11:09PM (1 child)
I don't even need to read past the byline. Greenwald is a troll propagandist for the tribe of far-leftists and anarchists who hate the West so much they'll side with the enemies of America out of political expediency. They are so far out on the fringe they can no longer see a difference between mainstream Democrats and Republicans. I have no use for someone with such an impoverished perspective on American politics, or history.
(Score: 3, Insightful) by fustakrakich on Monday March 04 2019, @11:16PM
Troll or not, this is what the party practices.
far-leftists and anarchists who hate the West
Ah, okaaay! Now we know where you're comin' from, sorry for not noticing... thankyoueverymuch :-)
La politica e i criminali sono la stessa cosa..