Tuesday, 5 March 2019

OxyContin maker Purdue Pharma reportedly exploring bankruptcy

Sackler family, the company’s wealthy owners, are under mounting pressure to address their role in the opioid crisis

Purdue Pharma, the maker of OxyContin, is exploring filing for bankruptcy to address potentially significant liabilities from roughly 2,000 lawsuits alleging the drugmaker contributed to the deadly opioid crisis sweeping the United States, people familiar with the matter said on Monday.

The potential move shows how Purdue and its wealthy owners, the Sackler family, are under pressure to respond to mounting litigation accusing the company of misleading doctors and patients about risks associated with prolonged use of its prescription opioids.

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from World news | The Guardian https://ift.tt/2C6ACCw

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