OxyContin Maker Purdue Pharma Files For Bankruptcy
|09/16/2019||Posted by BusinessMediaguide.Com under General World News||
Purdue Pharma, the maker of prescription painkiller OxyContin, has filed for bankruptcy protection in a U.S. court.
The company is facing numerous lawsuits from local and state governments and other plaintiffs alleging it aggressively marketed dangerous, addictive painkillers that helped fuel the opioid crisis in the United States.
The bankruptcy filing comes days after Purdue Pharma reached a tentative settlement with about 2,000 entities that have filed lawsuits. The value of the settlement could reach $12 billion.
But some of the states involved in the suits oppose the settlement, saying the company and the Sackler family that controls it are not offering read more >>>