Purdue Pharma, state of Oklahoma reach settlement in landmark opioid lawsuit - News Summed Up

Purdue Pharma, state of Oklahoma reach settlement in landmark opioid lawsuit


Most of the money will fund a new center for research, education and treatment of addiction and pain at Oklahoma State University in Tulsa. The two companies, which have asked to be tried separately from Purdue, are slated to go to trial on May 28. [Purdue Pharma CEO says bankruptcy is ‘an option’ as company faces opioid lawsuits]Under the terms of the settlement, Purdue will contribute $102.5 million to establish the new addiction center. The addiction center would be housed at Oklahoma State University’s Center for Wellness and Recovery and would be overseen by an independent board. According to a lawsuit filed by the state of Massachusetts, Sackler family members received nearly $4.3 billion in payouts from Purdue between 2008 and 2016.


Source: Washington Post March 26, 2019 14:01 UTC



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