US accepts deal with OxyContin painkiller manufacturer

US accepts deal with OxyContin painkiller manufacturer

Purdue Pharma, maker of the heavy and highly addictive painkiller OxyContin, has reached an agreement with eight states for a multi-billion dollar deal. By September, an agreement had been reached with about 3,000 aggrieved parties, but the states were not in agreement at the time.

Purdue Pharma used aggressive marketing that masked addiction risks. The company has been declared bankrupt after hundreds of lawsuits were filed against it. In September, it was decided to dissolve Purdue Pharma and use the company’s funds to start a new business.

All profits from this company would be invested in government projects against drug addiction. The Sackler family, who own the company, will contribute $4 billion (about $3.6 billion) if no lawsuits are filed.

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Eight states found this agreement too lenient. A judge ruled in their favor and broke the deal.

In the new agreement, the agreement remains that a new company will be formed without Sacklers. The amount to be paid by the family could now be around $6 billion. In turn, they avoid a lawsuit. The risk of criminal prosecution remains.

Victims and families of OxyContin victims will also have the opportunity to testify in court against members of the Sackler family. They just don’t have that chance yet.

The new deal has yet to be approved by a judge.

Source: NOS