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OxyContin Manufacturer Exploring Bankruptcy Amid Continued Opioid Epidemic

WorldNews Monday, 4 March 2019
OxyContin Manufacturer Exploring Bankruptcy Amid Continued Opioid EpidemicPurdue Pharma LP, the maker of the powerful opioid OxyContin, is exploring filing or bankruptcy to address potential liabilities from nearly 2,000 lawsuits against the pharmaceutical company on Monday, according to Reuters. The opioid crisis has led to more than two million Americans becoming dependent or having abused prescription pain pills or illegal street drugs such as heroin. The move by Purdue and its wealthy owners, the Sackler family, come as the company faces pressure to respond to the lawsuit's accusations of the company misleading doctors and patients about the addiction risk of using its opioids. Purdue has denied the allegations of using misleading advertising or lobbying...
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News video: OxyContin Maker Reportedly Mulling Bankruptcy

OxyContin Maker Reportedly Mulling Bankruptcy 00:54

Multiple outlets report that Purdue Pharma is considering filing for bankruptcy, which would freeze the more than 1,000 lawsuits against the company.

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