purdue pharma

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Purdue Pharma to Be Dissolved Under $50B+ Opioid Settlement

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Business·30.04.2026AI özeti

Purdue Pharma to Be Dissolved Under $50B+ Opioid Settlement

Purdue Pharma, maker of OxyContin, is set to be dissolved and replaced by Knoa Pharma by week's end as a sweeping $50bn+ settlement resolving thousands of opioid lawsuits takes effect. A federal judge delivered the final criminal sentence Tuesday, clearing the way for the deal. The Sackler family, which owns Purdue, will pay up to $7bn over 15 years. The settlement comes as the opioid crisis has been linked to more than 900,000 US deaths since 1999. Many victims expressed frustration, arguing the sentence provides no real justice for individuals.

US opioid crisis: families speak out after Purdue Pharma sentencing

Relatives of opioid overdose victims reacted outside a US court after Purdue Pharma was sentenced over its role in the opioid crisis.

Euronews News

Judge Expected to Sentence Purdue Pharma to Forfeit $225M in Opioid Crisis Settlement

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Crime·21.04.2026AI özeti

Judge Expected to Sentence Purdue Pharma to Forfeit $225M in Opioid Crisis Settlement

A judge is expected to sentence Purdue Pharma to forfeit $225 million to the Justice Department, clearing the way for a settlement of thousands of lawsuits over the opioid crisis. The penalty was agreed to in a 2020 plea deal where Purdue admitted to failing to prevent its painkillers from being diverted to the black market and paying doctors to prescribe opioids. The Sackler family, which owned Purdue, will pay up to $7 billion over 15 years under the settlement, though no family members were charged criminally. Some victims and families oppose the deal, arguing it falls short of justice for a crisis linked to 900,000 U.S. deaths since 1999.

ABC News

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