The Presidential Daily Brief


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    Purdue Pharma Settles $270 Million Opioid Suit

    The embattled OxyContin manufacturer has agreed to settle a lawsuit brought by the state of Oklahoma, which alleged that the pharmaceutical giant’s aggressive marketing of the drug triggered America’s opioid crisis. Around $200 million of the settlement will be used to establish the National Center for Addiction Studies and Treatment at Oklahoma State University. The company’s founding Sackler family must cough up $75 million.

    What’s next for Purdue Pharma? Still facing more than 1,600 lawsuits — and likely bankruptcy — some experts believe this settlement could open the floodgates for many more.

    Don’t miss OZY’s Special Briefing on the Sacklers’ tainted philanthropy.

This story is part of The Presidential Daily Brief

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