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IPFS News Link • Lawsuits

OxyContin Maker Purdue Pharma Reaches $270 Million Settlement With Oklahoma AG

• by Tyler Durdan

Opioid deaths have skyrocketed in recent years as the federal government has cracked down on overprescribing of pharmaceutical grade opioids, forcing more addicted users to turn to street drugs like heroin, which are increasingly cut with the powerful synthetic opioid fentanyl, causing a surge in overdose deaths that are presently killing more Americans a year than died during the entire war in Vietnam.

The settlement is the first to resolve one of the more than 1,600 lawsuits facing the privately held drugmaker, which is reportedly weighing a bankruptcy filing to avoid what's expected to be an immense legal burden.

Courtesy of Statista

The billionaire Sackler family, which own privately-held Purdue, have been subjected to widespread public scorn over revelations that certain members pushed Purdue to misrepresent OxyContin's addictive qualities in its marketing materials and research, to help boost sales of the drug.