Purdue Pharma unveils $10bn opioid settlement plan to exit from bankruptcy

March 16, 2021 Auto Bot Business, Opioids crisis, Pharmaceuticals industry, US news 0

Plan is backed by $4bn from Sackler family

Most parties onboard but Democratic attorneys general oppose

Purdue Pharma is proposing a $10bn plan to emerge from bankruptcy that calls for it to be transformed into a company funnelling profits into the fight against the opioid crisis.

Those efforts would include a significant boost – more than $4bn – from members of the Sackler family who own the Connecticut-based pharmaceutical giant.

Purdue Pharma unveils $10bn opioid settlement plan to exit from bankruptcy

March 16, 2021 Auto Bot Business, Opioids crisis, Pharmaceuticals industry, US news 0

Plan is backed by $4bn from Sackler family

Most parties onboard but Democratic attorneys general oppose

Purdue Pharma is proposing a $10bn plan to emerge from bankruptcy that calls for it to be transformed into a company funnelling profits into the fight against the opioid crisis.

Those efforts would include a significant boost – more than $4bn – from members of the Sackler family who own the Connecticut-based pharmaceutical giant.