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AP National Business

Purdue Pharma, US states agree to new opioid settlement

KTVZ
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Published 8:23 am

By GEOFF MULVIHILL and JOHN SEEWER
Associated Press

OxyContin maker Purdue Pharma has reached a nationwide settlement over its role in the opioid crisis. The deal reached Thursday would require members of the Sackler family who own the drugmaker to pay as much as $6 billion in cash. That’s at least $1 billion more than previously agreed on. In exchange, they’ll be protected from lawsuits. A judge must still approve the deal. Several parents of children addicted to opioids say they are glad more money will be available for treatment but upset the Sacklers will remain wealthy and free. Purdue is to be renamed Knoa Pharma and says it is pleased with the settlement.

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