Purdue Pharma ‘offers up to $12bn’ to settle opioid cases – BBC News

Purdue Pharma, the opioid drug-maker owned by the billionaire Sackler family, is reported to be offering between $10bn and $12bn to settle thousands of lawsuits against it.

The firm is facing over 2,000 lawsuits linked to its painkiller OxyContin.

…Purdue is one of 22 opioid makers, distributors and pharmacies named in over 2,000 cases which are due to go to trial in October.

The cases, which have been brought by states, cities and counties, allege the company used deceptive practices to sell opioids and is responsible for fuelling an opioid addiction crisis in the US.

Purdue Pharma ‘offers up to $12bn’ to settle opioid cases – BBC News

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