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Purdue Pharma

American phamaceutical company

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Purdue Pharma: American phamaceutical company
Purdue Pharma L.P. is a privately held pharmaceutical company owned principally by descendants of Mortimer and Raymond Sackler. In 2007, it paid out one of the largest fines ever levied against a pharmaceutical firm for mislabeling its product OxyContin, and three executives were found guilty of criminal charges. Although the company shifted its focus to abuse-deterrent formulations, Purdue continued to market and sell opioids, and continued to be involved in lawsuits around the opioid epidemic in the United States. Purdue filed for Chapter 11 bankruptcy protection on September 15, 2019 in New York.

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OxyContin maker Purdue gets brief shield from litigation

OxyContin maker Purdue Pharma LP won a court order on Friday briefly pausing the sprawling opioid litigation against the company so it can try to make headway on its proposed legal settlement that it..
Reuters - Published

Judge sees benefit in pausing lawsuits against OxyContin maker Purdue

A U.S. Bankruptcy Judge signaled support on Friday for a six-month pause to litigation led by 24 states against OxyContin maker Purdue Pharma LP to give the company time to settle thousands of lawsuits..
Reuters - Published

Videos for Purdue Pharma

OxyContin maker files for bankruptcy [Video]OxyContin maker files for bankruptcy

Purdue Pharma, the company behind OxyContin, filed for bankruptcy protection Sunday night (September 15), amid more than 2,600 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic...

Credit: Reuters Studio     Duration: 01:24Published

Purdue reaches tentative opioid settlement -sources [Video]Purdue reaches tentative opioid settlement -sources

OxyContin maker Purdue Pharma reached a tentative agreement with some plaintiffs to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states..

Credit: Reuters Studio     Duration: 00:45Published

J&J ordered to pay $572 mln in Oklahoma opioid case [Video]J&J ordered to pay $572 mln in Oklahoma opioid case

An Oklahoma judge on Monday found Johnson & Johnson liable for fueling an opioid epidemic in the state by deceptively marketing painkillers, and ordered the drugmaker to pay damages of $572 million...

Credit: Reuters Studio     Duration: 01:19Published

Oklahoma AG tells J&J CEO to "get out his checkbook" [Video]Oklahoma AG tells J&J CEO to "get out his checkbook"

Oklahoma Attorney General Mike Hunter slammed Johnson & Johnson as the "kingpin behind the nation's ongoing opioid crisis" moments after a judge ruled against the drugmaker and ordered it to pay $572..

Credit: Reuters Studio     Duration: 01:04Published

Oklahoma judge to rule on J&J opioid case [Video]Oklahoma judge to rule on J&J opioid case

An Oklahoma judge will rule on Monday on whether Johnson & Johnson should be held liable in a lawsuit by the state's attorney general who argues the drugmaker should be forced to pay $17 billion for..

Credit: Reuters Studio     Duration: 01:46Published

 

U.S. judge urges parties to wisely use Purdue opioid settlement funds

A U.S. bankruptcy judge on Thursday urged parties that will benefit from a proposed settlement with OxyContin maker Purdue Pharma LP to focus on addressing the opioid addiction crisis and avoid..
Reuters - Published

Cracks in Purdue's proposed opioid settlement as Arizona backs out

The U.S. state of Arizona withdrew its support for a proposed nationwide opioid settlement with Purdue Pharma LP, saying the maker of OxyContin sought to "undermine material terms of the deal,"..
Reuters - Published

Sacklers reaped up to $13 billion from OxyContin maker, U.S. states say

OxyContin maker Purdue Pharma LP steered up to $13 billion in profits to the company's controlling Sackler family, according to U.S. states opposing efforts to halt lawsuits alleging the company and..
Reuters - Published

U.S. states fight back against Purdue's bid to halt opioid lawsuits

U.S. state officials are due on Friday to launch a counterattack against OxyContin maker Purdue Pharma LP over its attempt to shield the company and its controlling Sackler family from thousands of..
Reuters - Published

Purdue Pharma seeks to halt opioid suits against company, Sacklers

OxyContin maker Purdue Pharma LP on Wednesday asked a U.S. bankruptcy judge to halt for roughly nine months more than 2,600 lawsuits alleging the company and its controlling Sackler family helped fuel..
Reuters - Published

Oxycontin maker Purdue begins bankruptcy in push to settle opioid lawsuits

OxyContin maker Purdue Pharma LP is expected in court on Tuesday to lay out its plan for using bankruptcy to resolve more than 2,600 lawsuits alleging the company fueled the U.S. opioid crisis.
Reuters - Published

What's next for OxyContin maker Purdue Pharma

OxyContin maker Purdue Pharma LP filed for bankruptcy protection after reaching a partial deal to resolve more than 2,600 lawsuits alleging it helped fuel the U.S. opioid crisis.
Reuters - Published

In numbers: Sackler family, Purdue Pharma and the US opioid crisis

The controversial Sackler family has filed for bankruptcy, amid lawsuits from 2,600 plantiffs.
BBC News - Published

Purdue Pharma files for bankruptcy in the US

The drug maker, accused of fuelling the opioid crisis, files for Chapter 11 bankruptcy protection.
BBC News - Published Also reported by •Reuters

Sackler family 'funnelled $1bn into different bank accounts'

The family owns OxyContin-producer Purdue Pharma, which is accused of fuelling the US opioid crisis.
BBC News - Published

Purdue Pharma 'reaches tentative agreement' to settle opioid cases

The manufacturer of painkiller OxyContin stands accused of helping fuel a deadly US crisis.
BBC News - Published Also reported by •Reuters

Purdue Pharma reaches tentative opioid settlement with some: sources

OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states..
Reuters - Published

Purdue OxyContin settlement would rank among largest in pharma history

OxyContin maker Purdue Pharma LP has reached a tentative multibillion-dollar agreement with some plaintiffs aimed at settling thousands of lawsuits over its alleged role in the U.S. opioid crisis,..
Reuters - Published

Exclusive: Purdue Pharma nears partial opioid settlement, bankruptcy filing - sources

OxyContin maker Purdue Pharma LP is nearing a partial agreement to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its..
Reuters - Published

U.S. judge allows public nuisance claim in opioid trial

The U.S. judge overseeing nationwide litigation concerning the opioid epidemic on Monday rejected Purdue Pharma LP's effort to dismiss claims that its activities caused a public nuisance.
Reuters - Published

U.S. judge denies bid to dismiss claim opioids are a public nuisance

The U.S. judge overseeing nationwide litigation concerning the opioid crisis on Monday rejected Purdue Pharma LP's effort to dismiss claims that its activities caused a public nuisance.
Reuters - Published

Exclusive: OxyContin maker prepares 'free-fall' bankruptcy as settlement talks stall

OxyContin maker Purdue Pharma LP is preparing to seek bankruptcy protection before the end of the month if it does not reach a settlement with U.S. communities over widespread opioid litigation, three..
Reuters - Published

Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid lawsuits: sources

OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for $10 billion to $12 billion, two people familiar..
Reuters - Published

Opioid drugmaker Purdue Pharma offers $10-12 billion to settle opioid claims: NBC News

OxyContin maker Purdue Pharma and its owners, the Sackler family, are offering to settle more than 2,000 lawsuits against the company for $10 billion to $12 billion, NBC News reported on Tuesday,..
Reuters - Published

Exclusive: JPMorgan cuts ties with OxyContin maker Purdue Pharma - sources

JPMorgan Chase & Co has cut ties with Purdue Pharma LP over the OxyContin maker's alleged role in the U.S. opioid crisis, forcing it to find a new bank to manage cash and bill payments, people familiar..
Reuters - Published

Five more U.S. states sue OxyContin maker Purdue Pharma over opioid epidemic

Five U.S. states on Thursday filed lawsuits accusing Purdue Pharma LP of illegally marketing and selling opioids, escalating the wave of litigation over a nationwide abuse epidemic.
Reuters - Published

Five U.S. states sue Purdue Pharma over marketing, selling of opioids

Five U.S. states on Thursday filed lawsuits accusing Purdue Pharma LP of illegally marketing and selling opioids, including OxyContin, contributing to a nationwide epidemic.
Reuters - Published

New York's Met museum to shun Sackler family donations

new york's met museum to shun sackler family donations
The Sackler family owns Purdue Pharma, which manufactures opioids linked to the deaths of thousands.
BBC News - Published

Exclusive: Pain-care specialist agrees to testify against Purdue, other drug makers - court documents

A physician ally of Purdue Pharma LP whose views helped drive the explosive growth in the use of addictive pain relievers for common aches and pains in the United States has agreed to testify against..
Reuters - Published

Purdue's Sackler family fights 'inflammatory' Massachusetts opioid case

Members of the Sackler family behind OxyContin maker Purdue Pharma LP have asked a judge to toss a lawsuit by Massachusetts' attorney general claiming they helped fuel the U.S. opioid epidemic, arguing..
Reuters - Published

N.Y. accuses opioid maker Purdue of illegal fund transfers to Sacklers

Purdue Pharma LP fraudulently transferred funds to members of the wealthy Sackler family who control the OxyContin maker despite knowing it faced major liabilities that had made it already insolvent,..
Reuters - Published

Purdue Pharma agrees to $270 million settlement in Oklahoma opioid case

OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company reached a $270 million settlement to resolve a lawsuit brought by the state of Oklahoma accusing the..
Reuters - Published

Purdue Pharma settles opioid lawsuit for $270m

purdue pharma settles opioid lawsuit for $270m
The drug company owned by the wealthy Sackler dynasty is facing 2,000 claims over its painkiller.
BBC News - Published

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