OXYCONTIN MAKER REACHES DEAL WITH U.S. GOVERNMENT ON OPIOID EPIDEMIC

Mar 03, 2022

By Gavin Day

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The company behind Oxycontin has reached an agreement with the U.S. government over its role the opioid epidemic.

Purdue Pharma will pay $6-billion as part of its settlement.

The Sackler family, which owns the company, is also apologizing.

Several states had rejected an earlier offer over a lack of cash contributions. There was also no apology.

This deal also includes immunity for the Sackler family from civil lawsuits.

The terms still have to be approved by a judge.

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