Oxycontin Maker Purdue Pharma Declares Bankruptcy After Opioid Crisis Settlement

DOUBLE ARE ALTERNATE SIDE. PARKING IS IN EFFECT. TODAY. CITYWIDE BE SAFE. DON’T TEXT AND DRIVE PRETTY PHARMA, THE COMPANY BEHIND THE PRESCRIPTION PAINKILLER OXYCONTIN HAS FILED FOR BANKRUPTCY PROTECTION THE FILING COMES DAYS AFTER HE REACHED A SETTLEMENT WITH MORE THAN 20 STATES, WHICH BLAME PERDUE FOR FUELING THE OPIOID CRISIS CBSN NEW YORK’S AUNDREA CLINE-THOMAS IT’S OUTSIDE OF THE US DISTRICT COURT IN WHITE PLAINS WHERE THAT MOTION WAS FILED. ANDREA LOOKING. TELL US NOW WELL, ALEX THE COURT HAS TO APPROVE THIS DEAL. THAT INCLUDES PERDUE PHARMA OFFERING UP ABOUT $10 BILLION TO, AS THEY SAY, A DRESS, THE OPIOID CRISIS BUT OUTS. IF YOU TALK TO ANYONE WHO’S BEEN AFFECTED THERE COULD TELL YOU THAT NO AMOUNT OF MONEY CAN REVERSE THE DAMAGE OR BRING BACK THEIR LOVED ONES. SUNDAY PRODUCE PHARMA THE MAKERS OF THE HEAVILY PRESCRIBED OPIOID OXYCONTIN FILED FOR CHAPTER 11 BANKRUPTCY. THE SETTLEMENT RESTRUCTURES THE COMPANY OWNED BY RICHARD SACKLER AND MEMBERS OF HIS FAMILY IN A STATEMENT THE CHAIRMAN OF PRODUCE BOARD OF DIRECTORS SAID, QUOTE THIS UNIQUE FRAMEWORK FOR A COMPREHENSIVE RESOLUTION WILL DEDICATE ALL OF THE ASSETS AND RESOURCES OF PERDUE FOR THE BENEFIT OF THE AMERICAN PUBLIC THIS COMES AFTER DOZENS OF STATE ATTORNEYS, GENERAL SUED, ACCUSING THE PHARMACEUTICAL COMPANY OF DECEPTIVE PRACTICES THAT DOWNPLAYED THE ADDICTIVE NATURE OF THE POWERFUL OPIOID. WITHIN 4 MONTHS AND WAS ADDICTED TO OPIOIDS. TEARY KRAUSE SAYS HER SON TIMOTHY WAS 1ST, PRESCRIBED OXYCONTIN FOR HIS MIGRAINES. A DECADE AGO, THE 19- YEAR- OLD BECAME ONE OF SUFFOLK COUNTY’S 1ST OVERDOSE VICTIMS PART OF THE $10 BILLION BANKRUPTCY AGREEMENT WILL GO TOWARDS A MONETARY SETTLEMENT TO FAMILIES IT WILL ALSO FUND THE CREATION OF A NEW COMPANY THAT DEVELOPS AN OPIOID REVERSAL. DRUG- LIKE AND LOCKS SOUND AND DISTRIBUTES IT AT A LOW COST OR NO COST TO AFFECTED COMMUNITIES. LET US NOT FORGET THE MASTERMINDS THE FAMILY ENTERPRISE BEHIND THIS CRISIS THE FAMILY THAT LITERALLY PROFITED OFF OF THE SUFFERING, THE DEATH, COUNTLESS NEW YORKERS THE SACKLER FAMILY THE AGREEMENT WOULD REQUIRE A MINIMUM, $3 BILLION CONTRIBUTION FROM THE SACKLER FAMILY PUBLISHED REPORTS EXPECT THE DEAL TO BE CONTESTED BY MOST STATES NOW, IN A STATEMENT, THE SACKLER FAMILY SAID, QUOTE, THEY HAD DEEP COMPASSION FOR THE VICTIMS. HOWEVER THE SACKLER FAMILY AND PURDUE PHARMA HAVE NOT EXPLICITLY ADMITTED TO

5 comments

  1. Come on, now who's gonna get all that money?! He first started using oxycontin's for "migraine headaches" you know they have over the counter medication to help with migraine headaches why would the doctors' subscribe a powerful painkiller, like that in one so young?! Something about that whole, story, just doesn't ring true to me?

Leave a Reply

(*) Required, Your email will not be published