OxyContin Maker Purdue Pharma Agrees to Tentative Opioid Lawsuit Settlement

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OxyContin maker Purdue Pharma has reached a tentative settlement worth billions of dollars to resolve thousands of lawsuits brought by state and local governments who sued the drug company for its role in the opioid epidemic.

At least 16 state attorneys general said they have not agreed to the deal, NBC News reports.

Under the proposed settlement, the Sackler family, which owns Purdue, would give up control of the company, which would declare bankruptcy. Future revenue from the sale of OxyContin would go into a trust designed to assist communities hard hit by the opioid crisis.

The New York Times reports that under the deal, the Sackler family would pay $3 billion in cash over seven years. The article notes the settlement does not include an admission of wrongdoing.

Heroin & the Opioid Epidemic: From Understanding to Action

Heroin and other opioids are ravaging communities across America. Heroin-related deaths increased by more than five times between 2010 and 2017, and drug deaths from fentanyl and other synthetic opioids are seeing a sharp rise as well.

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