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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

Colleges got $60M-plus from OxyContin family

Prestigious universities around the world have accepted at least $60 million from the family that owns Purdue Pharma over the past five years.. (Oct. 3)  
USATODAY.com - 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

Purdue Pharma to stay in business as it pursues bankruptcy protection

Lawyers for the pharmaceutical company secured permission to maintain business as usual — paying employees and vendors, supplying pills to distributors and keeping current on taxes and insurance
CBS News - Published

Purdue bankruptcy hearing gets underway

A judge heard arguments to decide whether lawsuits against members of the Sackler family that owns Purdue Pharma can go ahead with the company seeking bankruptcy protection. (Sept. 17)  
USATODAY.com - Published

AP Top Stories 5P

Here are the top stories for Tuesday, September 17th: Cokie Roberts dies; Purdue Pharma in bankruptcy court; R Kelly in court; New York skyscraper hits 1550 feet.  
USATODAY.com - Published

David Sackler defends family and Purdue Pharma

Vanity Fair contributing editor Bethany McClean joined CBSN to discuss her reporting on Purdue Pharma and its involvement in the opioid epidemic. She interviewed David Sackler, who says his family did..
CBS News - 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

Purdue Pharma files for bankruptcy amid numerous lawsuits over opioid epidemic

Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, filed for bankruptcy late Sunday. The move came days after Purdue reached a tentative settlement with many..
CBS News - Published

Purdue Pharma files for bankruptcy. Here's what it means

Purdue Pharma is framing its bankruptcy filing as an opportunity to cut red tape and provide billions in settlement cash to curb the opioid crisis.
USATODAY.com - Published Also reported by •BBC NewsCBS News

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

Even with bankruptcy, Purdue Pharma may not be off hook

Some states plan to object to a settlement in bankruptcy court and may pursue lawsuits against the Sackler family
CBS News - Published

OxyContin maker Purdue Pharma files for bankruptcy amid opioid crisis

OxyContin maker Purdue Pharma LP filed for bankruptcy protection Sunday night, succumbing to pressure from more than 2,600 lawsuits alleging the company helped fuel the deadly U.S. opioid epidemic.
France 24 - Published Also reported by •WorldNewsUSATODAY.comReutersCBS News

Your Monday Briefing

Iran, Purdue Pharma, Ric Ocasek: Here’s what you need to know.
NYTimes.com - Published

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

NY finds $1B in hidden transfers by family behind OxyContin

ny finds $1b in hidden transfers by family behind oxycontin
NEW YORK (AP) — The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves, New York’s attorney general contends in court papers..
WorldNews - Published

New York Uncovers $1 Billion in Sackler Family Wire Transfers

In a court filing, the state attorney general’s office says that it has found new account transfers by family members who own Purdue Pharma, the maker of opioids.
NYTimes.com - Published

Eye Opener: The Trump administration moves to ban most flavored e-cigarettes

President Trump proposes a ban on most flavored vaping products. Also, 23 states have reached a tentative settlement with OxyContin maker Purdue Pharma over the nation’s opioid crisis. All that and..
CBS 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 •CBS NewsReuters

Purdue settlement falls short for some in Ohio

Ohio has been hit hard by the opioid crisis and residents in Barberton say the settlement with Purdue Pharma will do little to alleviate the opioid epidemic. (Sept. 11)  
USATODAY.com - Published

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

OxyContin maker agrees to tentative settlement for opioid case, attorneys say

Purdue Pharma will reportedly pay up to $12 billion over time and the Sackler family will give up control of the company, sources say.
USATODAY.com - 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

Sackler family could pay billions to settle opioid lawsuits

The billionaire Sackler family may be willing to pay up, to settle thousands of lawsuits stemming from the opioid crisis. The proposed settlement comes amid speculation that the family's company,..
CBS News - 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

Sackler family could keep fortune in proposed Purdue opioids settlement

Washington Post reporter Lenny Bernstein joins CBSN to discuss his reporting on a proposed Purdue Pharma settlement could leave the Sackler family with most of their personal fortune.
CBS News - Published

Purdue Pharma prepping for a bankruptcy, report says

Lawyers for opioid peddler Purdue Pharma have documents in works for a Chapter 11 bankruptcy filing, Reuters reports
CBS News - 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

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