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Purdue opioid deal may set price for industry settlements
Purdue Pharma seeks Chapter 11 to enable a 10 billion dollar settlement aimed at resolving over 2,000 opioid lawsuits. If approved, the plan would place Purdue’s assets into a trust for states, cities, and counties and would involve Mundipharma sale to raise funds. The proposal garners support from 24 states and five territories while shaping talks with other drugmakers and distributors.
MENTIONED IN THIS ARTICLE
Purdue Pharma
U.S
Purdue
Sackler
Richard Rusness
University of Kentucky
Johnson & Johnson
Teva Pharmaceutical Industries
McKesson Corp
Cardinal Health Inc
Tennessee
Herbert Slatery
Mundipharma
Dan Polster
Polster