Purdue Pharma, makers of OxyContin, the painkiller at the heart of the US opioid crisis, has filed for bankruptcy. The drugmaker has announced a $10 billion plan to settle thousands of lawsuits that say Purdue has a key role in the crisis.
The US company said its bankruptcy filings form part of a settlement with two dozen states worth more than $10 billion. Purdue Pharma is accused of fueling the US opioid crisis, which has killed nearly 400,000 people.
The Sackler family, which owns OxyContin maker Purdue Pharma, is believed to have transferred about $1 billion (€900 million) to themselves, including to their Swiss bank accounts, court papers showed.
Oklahoma's attorney general accused Johnson & Johnson of a "multi-billion-dollar brainwashing campaign" to get doctors to overprescribe opioids, downplaying the addiction risks. J&J shares surged after the ruling.
Consumer products giant Johnson & Johnson has gone on trial in Oklahoma over its contribution to the state's opioid crisis. The case could set a precedent for thousands of other US lawsuits against drug manufacturers.
© 2019 Deutsche Welle |
Legal notice |
| Mobile version