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News Wire / economy

Purdue Pharma Shuts Down Under Bankruptcy Plan

WBUR Boston New York 12d12d Impact 8
Oxycontin maker Perdue Pharma ceased to exist today as part of a deal to resolve thousands of lawsuits regarding the opioid epidemic. Members of the Sackler family, who owned the company, must pay up to $7 billion over time.

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Perdue Pharma opioid epidemic Sackler family

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Sources · 7 independent

WBUR Boston

“Oxycontin Maker Perdue Pharma ceased to exist today. It's part of a deal to resolve thousands of lawsuits over the toll of opioids. Members of the Sackler family who owned the company must pay up to $7 billion over time.”

WNYC 93.9 FM

“Oxycontin maker Purdue Pharma ceased to exist today. It's part of a deal to resolve thousands of lawsuits over the toll of opioids. Members of the Sackler family who owned the company must pay up to seven billion dollars over time.”

WAMU 88.5 DC

“Oxycontin maker Purdue Pharma ceased to exist today. It's part of a deal to resolve thousands of lawsuits over the toll of opioids. Members of the Sackler family who owned the company must pay up to $7 billion over time.”

KIRO FM Seattle

“New York Attorney General Leticia James says opioid manufacturer Purdue Pharma has shut down as part of a bankruptcy plan. A public benefit corporation will take over.”

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