Purdue Pharma Settles Lawsuit Over Its Role In Opioid Crisis: Reports

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 59%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Purdue Pharma has reportedly settled a consolidated federal lawsuit made up of more than 2,000 cities and counties accusing the OxyContin maker of being responsible for the country’s sweeping opioid crisis

.

States across the country have launched legal action against opioid manufacturers. Nevada, Idaho, California, Hawaii, Maine and the District of Columbia all filed lawsuits against Purdue Pharma in June. In fact, every state except Nebraska has sued, filed administrative charges or promised to sue companies accused of being responsible for the opioid crisis, The Associated Press reported.

The CDC says that opioid overdoses killed more than 47,000 people in 2017, 35% of which involved prescription opioids such as OxyContin. That is six times higher than the opioid deaths in 1999, the same decade Purdue Pharma created OxyContin, an addictive painkiller.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The Sackler family could give up Purdue Pharma, source saysThe Sackler family could give up its ownership of Purdue Pharma and up to $4.5 billion of their own money, as one possible settlement option over the more than 2,000 lawsuits filed against their company, a person with knowledge of the negotiations tells CNN. Good Good. That’s not gonna tickle their Sackler
Source: CNN - 🏆 4. / 95 Read more »

Pharma stocks fall as draft of House Democratic drug price plan surfaces on Capitol HillThe main thrust of the plan, which is still in flux, would allow Medicare to negotiate lower prices on the 250 most expensive drugs and apply those discounts to private health plans across the U.S. The overall recession plan attacks Pharma, Tech and most likely Financials next. Some coincidence the recession poll coming out the same day as the leak. tt:SaraCarterDC SarahHuckabee
Source: CNBC - 🏆 12. / 72 Read more »