Newtown News of Interest
42.5K views | +0 today
Follow
 
Rescooped by johnmacknewtown from Public Health & Safety
onto Newtown News of Interest
Scoop.it!

To Avoid Bankruptcy, Purdue Pharma Said to Plead Guilty to Illegally Marketing Opioids

To Avoid Bankruptcy, Purdue Pharma Said to Plead Guilty to Illegally Marketing Opioids | Newtown News of Interest | Scoop.it

Purdue Pharma LP has agreed to settle the state of Oklahoma’s claims that its illegal marketing of the Oxycontin painkiller caused financial devastation to local communities, the first accord in a recent wave of lawsuits stemming from the U.S. opioid crisis, according to people familiar with the matter.

 

The settlement comes two months before the scheduled start of a trial against Purdue Pharma, Johnson & Johnson and Teva Pharmaceutical Industries Ltd. in Norman, Oklahoma. Terms of the deal, which covers only Purdue, weren’t immediately available.

 

 Oklahoma claims the three opioid makers understated the risks of prescription painkillers and overstated their benefits, fueling an epidemic that’s costing its communities tens of millions of dollars for treatment and policing. Those companies and others are also battling claims by three dozen other states and 1,600 U.S. cities and counties, but those suits are pending in another court and the first trial isn’t until the fall.

 

The settlement is the first in the most-recent group of opioid lawsuits against Purdue. More than a decade ago, West Virginia settled a case against Purdue over its marketing of Oxycontin, which came on the U.S. market in 1996.

 

Related:

  • “Newtown Township Supervisors Vote to File Civil Lawsuit Against Drug Manufacturers Over Opioid Crisis”; http://sco.lt/7Wibjd
  • “OxyContin Opioid Maker Purdue Pharma Reportedly Exploring Chapter 11 Bankruptcy”; http://sco.lt/8OuLIG
  • “Purdue #Pharma Doesn't Want Court to Unseal Oxycontin Marketing Documents. What's It Hiding?”; http://sco.lt/6wb24f 
  • “OxyContin's 12-hour Problem: Misrepresentation of Efficacy Leads to Addiction & Purdue Knew It”: http://sco.lt/8RfD5F 
  • “The History of Purdue's Marketing of Oxycontin & Its Connection to the Opiate Epidemic”: http://sco.lt/6RajLd
  • “Doctor with Ties to Purdue #Pharma Helped Develop Canadian Opioid-Prescribing Guidelines”: http://sco.lt/7f1iin 
johnmacknewtown's insight:

As published in the Washington Post (3/27/2019): “The reckoning for the worst drug epidemic in U.S. history began Tuesday, with Purdue Pharma and the state of Oklahoma agreeing to a $270 million out-of-court settlement in the first major test of who will pay for more than two decades of death and addiction sparked by prescription opioids.”

 

“Under the terms of the Oklahoma settlement, Purdue will immediately contribute $102.5 million to establish a new foundation for addiction treatment and research at Oklahoma State University. Members of the Sackler family, who own the company but were not defendants in the case, will pay an additional $75 million in personal funds over five years. Purdue also will provide $20 million worth of treatment drugs, pay $12 million to cities and towns and cover about $60 million in litigation costs.”

 

If Newtown's case against Purdue and other opioid drug companies results in a settlement, this is how I'd like to see the money spent: on TREATMENT programs.

johnmacknewtown's curator insight, March 27, 2019 6:32 AM

As published in the Washington Post (3/27/2019): “The reckoning for the worst drug epidemic in U.S. history began Tuesday, with Purdue Pharma and the state of Oklahoma agreeing to a $270 million out-of-court settlement in the first major test of who will pay for more than two decades of death and addiction sparked by prescription opioids.”

 

“Under the terms of the Oklahoma settlement, Purdue will immediately contribute $102.5 million to establish a new foundation for addiction treatment and research at Oklahoma State University. Members of the Sackler family, who own the company but were not defendants in the case, will pay an additional $75 million in personal funds over five years. Purdue also will provide $20 million worth of treatment drugs, pay $12 million to cities and towns and cover about $60 million in litigation costs.”

Newtown News of Interest
These Scoops are excerpts from articles published in local newspapers and other sources that may be of interest to Newtown area residents. Please click on the "From" link to access the full original article. Any opinions and "insights" appended to these article summaries are solely those of John Mack and do not represent the opinions of any other person or entity.
Curated by johnmacknewtown