OxyContin maker Purdue files for bankruptcy in bid to settle cases in US opioid crisis
09PM [Updated: Mon Sep 16, 2019 06:18PM ]/ Purdue Pharma has filed for bankruptcy in a settlement aimed at preventing further legal action concerning painkiller OxyContin, blamed for plunging millions into addiction and fueling the US opioid crisis. The proposal would see the Sacklers, one of America's richest families, cede control of the pharmaceutical giant, which is facing thousands of state and federal lawsuits, the company said Sunday. If approved by a bankruptcy judge, Purdue says it expects the proposed restructuring to provide more ...
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