Purdue Pharma has reached an $8.34 billion settlement with the Justice Department over its aggressive marketing of OxyContin, paving the way for the drugmaker to steer future profits to cities and states that accuse it of stoking an opioid-addiction crisis in America. Because Purdue is bankrupt from settling prior claims related to the drug, it will pay $225 million now. It also agreed to plead guilty to making payments to health care providers and other actions in marketing the drug. Its owners, members of the Sackler family, will pay $225 million to settle related civil claims.
See also
The Unscrupulousness of Big Pharma
Judge Rules Johnson & Johnson Must Pay Over $572 Million For Role In Oklahoma Opioid Crisis
From <https://grapevinecenter.org/2019/08/29/the-unscrupulousness-of-big-pharma/>
Purdue Pharma Pleads Guilty to Criminal Charges for Opioid Sales
https://www.nytimes.comhttps://www.nytimes.com
Purdue pleads guilty to criminal charges as part of $8.3B opioid settlement
Stuart G.
It’s about time. Big Pharma has killed millions of average people like you and me. Unnecessary deaths and unimaginable suffering by billions (with a “B”). Given our extended life spans in the West during this century It’s logical to assume people have more time for lots of things. Including industrial or car accidents, sporting injuries, surgical/dental procedures, etc which frequently require pain medication for limited periods of time. Pain medication is a good thing and an exceedingly important tool BUT there’s a dark undercurrent to opiates and I’m not describing street heroin. Prescription medications were formulated in new ways, creating ever more potent (and addictive) concoctions until addiction became the primary anticipated outcome, BEFORE analgesia (pain relief). Drug manufacturers stepped into some “fly” clothing and became street dealers, utilizing medical professionals to sling their poison. And entire generations were lost and enslaved to a pill. My wife died, I’ve had dozens of friends die, because death lurks in these potions created by evil people placing profits over our well being. They get off with a fine. The good news is Purdue is going out of business and have to cough up $8B but in my view, we should LOCK THEM UP #socialmedia #cannabisjobs
Sophia Ellis
This is a HUGE step in the right direction to combating the opioid epidemic. Purdue Pharma is being held accountable for misleading healthcare professionals as well as the general public that their product, OxyContin, was not addictive in nature, when in reality it is one of the most highly addictive substances on the market. The failures of Purdue Pharma highlight the necessity to share, advertise, publish factual evidence only and to include all the benefits and all the risks when marketing a new drug. #opioidepidemic #pharma #addiction #mentaldisorder
Purdue Pharma Reaches $8.34 Billion Settlement Over Opioid Probes
wsj.com
Alexander Spinelli 🏳️🌈
Purdue Pharma, which makes the OxyContin painkiller that helped trigger an opioid crisis that led to hundreds of thousands of deaths, has pleaded guilty to three felony criminal charges as part of an $8.3 billion settlement that also resolves civil charges against the company. Read the latest from ed silverman in STAT here: https://lnkd.in/edHExVm#oxycontin#opioids#purduepharma#opioidcrisis#painkillers#news#health
Rej Pathania
Simply: Purdue put profits before lives. “The kickback effectively put Purdue marketing department in the exam room with their thumb on the scale at precisely the moment doctors were making critical decisions about patient health”
Michael Pellet
Wow, $8 Billion in fines. Looks like real leadership and integrity are still very much in demand in corporate America. Purdue Pharma Pleads Guilty to Criminal Charges for Opioid Sales https://nyti.ms/2ITqsLV
Troy Butler
While this is good, no amount of money can ever compensate families, government, companies and society in general by the actions of these criminals (and others just like them). Pill mill docs, elected officials who were on the pad, and so on are just as culpable.
Sarah Hansen, CPA
Finally. It hardly eliminates the grief of families who have lost loved ones due to epidemic (more common than you think – I count myself within that grouping), but is a step in the direction of justice and accountability. Thanks for sharing Mike. Hope you are well.
Michael Pellet
Wow, $8 Billion in fines. Looks like real leadership and integrity are still very much in demand in corporate America. Purdue Pharma Pleads Guilty to Criminal Charges for Opioid Sales https://nyti.ms/2ITqsLV
