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OxyContin maker Purdue Pharma opioid settlement OK'd by judge
1st September 2021
Opioid epidemic was made ‘much worse’ during pandemic: Narcan inventor
Dr. Roger Crystal, CEO of Opiant Pharmaceuticals and inventor of Narcan, says the best way to combat the opioid epidemic is to reduce demand and previews a new opioid rescue medicine.
A federal bankruptcy judge has granted conditional approval of OxyContin maker Purdue Pharma's multibillion-dollar plan to settle lawsuits against the drug company for its role in the opioid crisis.
The plan requires the Sackler family to give up their ownership of the company, and to pay $4.5 billion toward settling the thousands of claims brought by state and local governments and individuals – whom the judge said overwhelmingly approved the agreement. The Sacklers will also be granted personal immunity from future lawsuits, a condition one heir told the court two weeks ago would be a requirement for them to sign off on a deal.