OxyContin maker settles opioid lawsuit with Oklahoma, will pay more than $200 million to study, prevent addiction
By Lenny Bernstein and Lenny Bernstein Reporter covering health and medicine Email Bio Follow Katie Zezima Katie Zezima National reporter covering vice Email Bio Follow March 26 at 10:01 AM Purdue Pharma and the state of Oklahoma have agreed to settle a lawsuit over the drugmaker’s role in the deadly opioid crisis, a milestone in the legal effort to force pharmaceutical companies to pay some of the costs of the epidemic, people familiar with the matter said.
Lawyers in the case and a spokesman for Purdue declined to comment ahead of the planned announcement Tuesday.Oklahoma contends that Purdue, Johnson & Johnson and Teva bear some responsibility for thousands of opioid deaths across the state, in addition to the health care, law enforcement and treatment costs of the state’s addiction crisis.
Purdue’s recent acknowledgment that it is considering bankruptcy as an option could influence strategy in those lawsuits; Oklahoma’s settlement ensures it will receive at least some compensation for its claims.Under the terms of the settlement, Purdue will contribute $102.5 million to establish the new addiction center, and members of the Sackler family, who own the company, will pay another $75 million in personal funds over five years, people familiar with the agreement said.
Authorities have argued that Purdue used deceptive marketing tactics and a sizable workforce of representatives to repeatedly visit physicians to sell them narcotics, assuring them that the drugs were rarely addictive. Many patients became addicted to the potent painkillers, and large amounts of the drug were diverted to the black market.
Three years ago, the CDC estimated the cost of the opioid epidemic at $78.5 billion for calendar year 2013. In 2017, the White House Council of Economic Advisers placed the price tag much higher, at $504 billion for 2015.
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