Purdue Pharma

Purdue Pharma Offers Restructuring Plan, Sackler Family Would Give Up Ownership

6:23am March 16, 2021

by Brian Mann

Under a bankruptcy plan filed late Monday, the OxyContin maker would pay $500 million up front, promising billions in future payments. Twenty-four states rejected the proposal.

OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt. The global business consulting firm McKinsey & Company has agreed to a $573 million settlement over its role in the opioid crisis.

National

Consulting Giant McKinsey To Settle States' Opioid Claims For $573 Million

12:01pm February 04, 2021

by Brian Mann

McKinsey is the latest major American corporation to face legal, financial and public relations peril stemming from its role in the nation's deadly opioid epidemic.

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Tufts employee Gabe Ryan removes the Sackler family name from a building at Tufts University, the first major university to strip the Sackler name from buildings and programs.

Sacklers Deny Wrongdoing During House Panel Over Purdue Pharma Oxycontin Sales

2:33pm December 17, 2020

by Brian Mann

Thursday's hearing was the first time members of the Sackler family faced a public accounting for their alleged role in the nation's deadly opioid epidemic.

The corporate consulting giant issued a rare apology for its behind-the-scenes work with Purdue Pharma, maker of OxyContin.

McKinsey Apologizes For Helping Purdue Pharma 'Turbocharge' Opioid Sales

4:17pm December 09, 2020

by Brian Mann

The corporate consulting giant issued a rare apology for its behind-the-scenes work with Purdue Pharma, maker of OxyContin. One senator called McKinsey's behavior "abhorrent."

Newly public documents detail the role of members of the Sackler family, owners of OxyContin maker Purdue Pharma, during years when the privately owned drug company launched criminal schemes designed to "turbocharge" sales of Oxycontin and other highly ad

National

Critics Want Sacklers To Face Criminal Charges For Role In Opioid Crisis

3:05pm November 25, 2020

by Brian Mann

A new plea deal with the Justice Department is the second time the family-owned company admitted criminal schemes to boost Oxycontin sales. Despite their hands-on role, the Sacklers face no charges.

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Oxycodone pain pills are displayed in 2016.

Federal Judge Approves Landmark $8.3 Billion Purdue Pharma Opioid Settlement

9:27pm November 17, 2020

by Brian Mann

The controversial deal hashed out between the Department of Justice and the maker of Oxycontin provides hundreds of millions of dollars of relief for communities hit hard by the opioid epidemic.

Purdue Pharma headquarters in Stamford, Conn., in 2019. Purdue Pharma, the maker of OxyContin, and its owners, the Sackler family, have faced hundreds of lawsuits over the company's alleged role in the opioid epidemic that has killed more than 200,000 Ame

Purdue Pharma Reaches $8B Opioid Deal With Justice Department Over OxyContin Sales

4:42pm October 21, 2020

by Brian Mann

Critics say the settlement doesn't hold company executives or members of the Sackler family accountable for their aggressive marketing of OxyContin, which helped fuel the nation's opioid epidemic.

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Millions of Americans sank into addiction after using potent opioid painkillers, such as acetaminophen/oxycodone, that companies churned out and doctors freely prescribed over the past two decades.

National

In 2019, The Legal Fight Over Opioids Unraveled Into Confusion And Infighting

1:47pm December 26, 2019

by Brian Mann

This was meant to be the year we answered a big question about the deadly opioid epidemic: Will drug companies that make and sell prescription pain medications be held liable? That clarity never came.

Tufts University stripped the Sackler name from several of its buildings and divisions earlier this month, citing the billionaire family's role in the opioid crisis. The founders of Purdue Pharma have come under intense scrutiny for how their company misl

Sacklers Withdrew Nearly $11 Billion From Purdue As Opioid Crisis Mounted

1:41pm December 17, 2019

by Colin Dwyer

According to a court filing Monday, the family pulled about $10.7 billion from Purdue since 2008 — ramping up withdrawals even after executives pleaded guilty to misleading regulators about OxyContin.

The Opium Cycle

7:02am November 05, 2019

by Darian Woods

There is a pattern that has repeated itself throughout the history of the opium trade.