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Purdue Pharma and Sacklers offer up to $12bn to settle opioid claims, report says  

Purdue Pharma and members of the multi-billionaire Sackler family, who own the company that makes the prescription painkiller OxyContin, have offered to settle more than 2,000 lawsuits from US states and cities for between $10bn and $12bn, according to a media report on Tuesday. The Connecticut-based company has been blamed for fueling the opioids crisis, which has cost the lives of more than 400,000 people across the US in the last 20 years and still kills 130 through overdoses every day, according to government figures.

The potential deal was part of confidential conversations and discussed by Purdue’s lawyers at a meeting in Cleveland last week, with 10 state attorneys general and plaintiffs from some of the hundreds of cities and counties that have sued Purdue, said the report by NBC News. Read more HERE.

Purdue Pharma and members of the multi-billionaire Sackler family, who own the company that makes the prescription painkiller OxyContin, have offered to settle more than 2,000 lawsuits from US states and cities for between $10bn and $12bn, according to a media report on Tuesday. The Connecticut-based company has been blamed for fueling the opioids crisis, which has cost the lives of more than 400,000 people across the US in the last 20 years and still kills 130 through overdoses every day, according to government figures.

The potential deal was part of confidential conversations and discussed by Purdue’s lawyers at a meeting in Cleveland last week, with 10 state attorneys general and plaintiffs from some of the hundreds of cities and counties that have sued Purdue, said the report by NBC News. Read more HERE.

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Published on 28/08/2019 @ 09h45   | |