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Purdue Pharma settles opioid lawsuit for $270m
Purdue Pharma, the drug-maker owned by the billionaire Sackler family, has reached a $270m settlement in a lawsuit which claimed its opioids contributed to the deaths of thousands of people.
The deal with Oklahoma is the first settlement the US firm has struck amid some 2,000 other lawsuits it is facing linked to its painkiller OxyContin.
Purdue is one of several firms named in the claim which alleged they used deceptive practices to sell opioids.
[...]Under the settlement, Purdue will pay $102.5m towards the creation of a National Centre for Addiction Studies and Treatment at Oklahoma State University.
The Sacklers themselves said that they will contribute $75m over five years to the centre.
Previously: OxyContin Maker Purdue Pharma May File for Bankruptcy to Disrupt Lawsuits
(Score: 2) by DannyB on Wednesday March 27 2019, @02:01PM
Why is that a problem?
Aren't ALL opioids sold by deceptive practices?
What Purdue did was have the ingenuity to get doctors to prescribe them. I'm sure many doctors had sample packs to offer patients in keeping with the tradition that the first hit is free.
The Centauri traded Earth jump gate technology in exchange for our superior hair mousse formulas.