OxyContin Maker Sent Billions to Members of Family Who Owned Company

Purdue Pharma, the company that makes OxyContin, sent $12 billion or $13 billion in profits to members of the Sackler family who own the company, according to The Wall Street Journal. The figures were revealed in bankruptcy court filings.

Last month, Purdue Pharma 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. The news about the size of the profits sent to the Sackler family could complicate the settlement effort, by providing new evidence to opponents of the deal who say the family should contribute more than they have agreed.

In a statement, North Carolina Attorney General Josh Stein, said, “The Sackler family is trying to take advantage of the fact that they’ve extracted nearly all the money out of Purdue and pushed the carcass of the company into bankruptcy. That’s unacceptable. Multi-billionaires are the opposite of bankrupt.”

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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