August 17, 2022
Business news Opioids Opioids crisis Pharmaceuticals industry Society US news

Purdue Pharma owners willing to pay up to $6bn to settle opioid suits

Members of Sackler family would contribute sum over 18 years under latest proposal

Members of the Sackler family who own OxyContin maker Purdue Pharma, maker of OxyContin, are willing to kick in more money – up to $6bn in total – to settle thousands of lawsuits over the toll of opioids as the company tries to work out a deal with state attorneys general who torpedoed an earlier settlement.

The offer was detailed in a report filed on Friday in US bankruptcy court by a federal mediator who asked the court to let her have until the end of the month to broker a new settlement.

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