Tag - Purdue Pharma's settlement

Purdue Pharma files for bankruptcy in face of 2,000 opioid lawsuits

Purdue Pharma files for bankruptcy in face of 2,000 opioid lawsuits Last week, the company reached a £10bn settlement with states that are accusing the company of fuelling an addiction epidemic. Purdue Pharma, the embattled US drugmaker accused of helping to fuel the opioid drug crisis, has filed for bankruptcy in the face of more than 2,000 lawsuits across the country. The company - behind controversial opioid painkillers such as OxyContin - reached an agreement last week to settle the majority of [...]

Purdue Pharma settles for £204m over its role in opioid crisis

The pharmaceutical giant which makes the powerful prescription painkiller OxyContin was sued by the state of Oklahoma. The maker of OxyContin painkillers has reached a $270m out of court settlement A pharmaceutical giant has reached a $270m (£204m) settlement with the state of Oklahoma over its role in the US opioid crisis. Purdue Pharma has made billions of dollars from sales of prescription painkiller OxyContin but has been hit with nearly 2,000 lawsuits from state and local governments across the country. The filings [...]