Pharma company that makes painkiller Oxycontin to offer over $10 billion to settle claims in US

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Purdue Pharma said it 'sees little good coming from years of wasteful litigation'.

File photo. Oxycontin Image: Shutterstock/PureRadiancePhoto File photo. Oxycontin Image: Shutterstock/PureRadiancePhoto PURDUE PHARMA, WHOSE prescription painkiller Oxycontin is blamed for much of the US opioid addiction epidemic, has offered $10-12 billion to settle thousands of claims against the company, NBC News reported today.

“The people and communities affected by the opioid crisis need help now. Purdue believes a constructive global resolution is the best path forward, and the company is actively working with the state attorneys general and other plaintiffs to achieve this outcome.” J&J was ordered by an Oklahoma court to pay the state $572 million in damages for its role in stoking the crisis.

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