multi source·5h ago·4 sources analyzed
Purdue Pharma to be dissolved following criminal sentence approval
A judge has approved a criminal sentence for Purdue Pharma, leading to the company's dissolution. This decision comes as part of a legal settlement addressing numerous lawsuits related to the opioid crisis. (sources: theguardian, cbsnews, ap)
Image: ap
ModernAction Briefing
Purdue Pharma, the maker of OxyContin, is set to dissolve and will be replaced by a new company focused on addressing the opioid crisis. This follows a judge's approval of a criminal sentence as part of a broader legal settlement.
- Purdue Pharma will be dissolved as part of a legal settlement.
- The settlement addresses thousands of lawsuits related to the opioid crisis.
- A new company will be established to focus on public health initiatives.
Why it matters
The dissolution of Purdue Pharma marks a significant development in the ongoing response to the opioid crisis.
No specific legislation identified for action yet.