Purdue Pharma submits opioid lawsuit settlement plan, including up to $7 billion cash from Sacklers
Other drugmakers, distribution companies, pharmacy chains and others have already reached opioid lawsuit settlements worth about $50 billion, according to an Associated Press tally. Purdue's, which would also include about $900 million from company coffers, would be among the largest if finalized.
Sacklers to pay up to $7bn in Purdue Pharma’s opioid settlement plan
Purdue is expected to raise and contribute $900m while dissolving and transforming into a new public benefit company. The non-profit company that emerges will develop and distribute opioid use disorder and overdose rescue medicines. The Sacklers will have no links to the new company.
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