Tag Archives: opioid crisis

Opioid Maker Purdue Pharma Files For Bankruptcy

The New York Times reports: Purdue Pharma, maker of OxyContin, the drug widely seen as igniting the opioid crisis, filed for Chapter 11 bankruptcy on Sunday night, a move at the center of the company’s efforts to shield itself and its owners from more than 2,600 federal and state lawsuits. The terms of the filing, which include a proposed resolution …

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NY AG Busts Opioid Family For Hiding $1B Overseas

The Associated Press reports: The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves, New York state’s attorney general contends in court papers filed Friday. New York — asking a judge to enforce subpoenas of companies, banks and advisers to Purdue and its owners, the Sackler family — said it …

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Opioid Dealer Purdue To Pay $12B, Declare Bankruptcy

The Associated Press reports: Attorneys for some 2,000 local governments say they have agreed to a tentative settlement with OxyContin maker Purdue Pharma over the toll of the nation’s opioid crisis. Attorney Paul Farrell said in a text message Wednesday that they have agreed to a deal that has been on the table for several weeks. Sources with direct knowledge …

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Trio Of Drugmakers Offer $10 Billion Opioid Settlement

Bloomberg reports: McKesson Corp., Cardinal Health, and AmerisourceBergen Corp. have proposed paying $10 billion to settle claims they helped to fuel the U.S. opioid epidemic — the first sign of progress in resolving state lawsuits against the drug distributors, according to people familiar with negotiations. The companies, which deliver the majority of prescription medications to U.S. pharmacies, made the verbal …

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Fox News Guest Denies Big Pharma’s Culpability For Opioid Epidemic: Should The Obese Sue McDonald’s?

“The fact is, this is the trial lawyers and ambitious politicians out to make a quick buck. Because the evidence shows that legitimately prescribed opioids are not to blame for this epidemic of deaths. The Annals of Internal Medicine has a new study showing that 87% of people taken to the ER for an opioid overdose were not prescribed opioids …

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New York Hits Opioid Maker Family With Massive Suit

CBS News reports: New York state prosecutors on Thursday filed a lawsuit against Purdue Pharma and the family that owns the OxyContin-maker, alleging they fraudulently transferred funds out of the company. The complaint also adds charges previously filed against other companies that made and distributed opioids. “We found that pharmaceutical manufacturers and distributors engaged in years of deceptive marketing about …

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Purdue Pharma Settles First Opioid Suit For $270M

The Daily Beast reports: Purdue Pharma and its owners, the Sackler family, will pay $270 million to settle claims by the Oklahoma attorney general that the company helped fuel America’s opioid crisis, The Wall Street Journal reports. It’s the first settlement to be agreed upon from more than 1,600 opioid lawsuits the OxyContin maker faces various from states, cities, and …

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Opioid Maker Purdue Readies Bankruptcy Over Lawsuits

Reuters reports: OxyContin maker Purdue Pharma LP is exploring filing for bankruptcy to address potentially significant liabilities from thousands of lawsuits alleging the drug manufacturer contributed to the deadly opioid crisis sweeping the United States, people familiar with the matter said on Monday. The deliberations show how Purdue and its wealthy owners, the Sackler family, are under pressure to respond …

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NEW YORK CITY: Activists Disrupt Major Museums Over Wings Named For Big Pharma Opioid Family [VIDEO]

The Guardian reports: Art photographer and activist Nan Goldin brought the Guggenheim Museum in New York to a standstill on Saturday night as thousands of fake prescriptions were dropped into the atrium to protest against the institution’s acceptance of donations from the family who owns the maker of OxyContin – the prescription painkiller at the root of America’s opioids crisis. …

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Lawsuit: Pharma Giant Considered Targeting “Attractive Market” Of People Addicted To Their Opioids [VIDEO]

NBC News reports: As the nation’s opioid crisis was deepening, the company that makes a powerful prescription painkiller considered marketing an anti-addiction drug to “an attractive market” of people with addictions, according to allegations in court documents made public Thursday. The attorney general’s office in Massachusetts is suing Connecticut-based Purdue Pharma, along with some company executives and members of the …

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Kellyanne Conway Solves The Opioid Crisis: Eat The Ice Cream, Have The French Fry, Don’t Buy The Street Drug

“On our college campuses, your folks are reading the labels, they won’t put any sugar in their body, they don’t eat carbs anymore, and they’re very, very fastidious about what goes into their body. And then you buy a street drug for $5 or $10, it’s laced with fentanyl, and that’s it. So I guess my short advice is, as …

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Jeff Sessions Has Opioids Solution: Just Take Aspirin

The Tampa Bay Times reports: U.S. Attorney General Jeff Sessions has drawn jeers for suggesting that people in pain should consider over-the-counter Bufferin instead of opioids. On Wednesday, Sessions was in Tampa, touting the Trump administration’s efforts to combat drug abuse and trafficking. This time, he broadened his suggestion to aspirin. “I am operating on the assumption that this country …

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NYC Sues Big Pharma For $500M Over Opioids Crisis

NBC News reports: New York City filed a $500 million lawsuit Tuesday against prescription opioid manufacturers and distributors, seeking to hold them accountable for their alleged part in the city’s drug epidemic. The lawsuit aims to recover expenses the city will incur in combating the crisis. In 2016, more than 1,000 people in New York City died of an opioid …

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US Life Expectancy Falls For Second Straight Year

NBC News reports: Life expectancy in the United States fell for the second year in a row in 2016 — and it’s clear the epidemic of drug overdoses is at least in part to blame, government researchers said Thursday. Overall life expectancy for a baby born in 2016 fell to 78.6 years, a small decline of 0.1 percent, the National …

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Eric Bolling: My Son Died Of An Opioid Overdose

The Washington Post reports: For the second time in less than two months, former Fox News host Eric Bolling shared news of a family tragedy on Twitter. In early September, Bolling wrote that his only child, 19-year-old Eric Chase Bolling, had died, with “details still unclear” but authorities saying there was “no sign of self harm.” On Thursday, Bolling shared …

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Billionaire Pharma Mogul Charged In Opioid Scam

Bloomberg reports: Insys Therapeutics Inc. founder John Kapoor is accused of helping fuel the U.S. opioid epidemic by bribing doctors to prescribe a powerful form of fentanyl to patients who didn’t need the potent drug. Kapoor, 74, was arrested Thursday in Arizona and charged with racketeering conspiracy and other felonies. He’s scheduled to appear in a Phoenix court later in …

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LIVE VIDEO: Trump Declares Opioid Emergency

The New York Times reports: President Trump on Thursday will announce he is directing his Department of Health and Human Services to declare the opioid crisis a public health emergency, senior administration officials said, taking long-anticipated action to address a rapidly escalating epidemic of drug use in the United States. The move falls short of Mr. Trump’s sweeping promise to …

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