Saturday, November 7, 2020

Purdue Pharma - no charges

Purdue Pharma has been ordered to pay an $8 billion fine. The total might as well be 100 times that, the sum will ever be paid. Members of the Sackler family have agreed to pay $225 million in civil penalties and have proposed a separate settlement to resolve thousands of lawsuits. The family extracted billions from Purdue Phama and their one product – OxyContin, the blockbuster opioid first launched in 1996.

None of the parties will go to prison, despite the fact scientists and executives understood the biological mechanics of their product better than any drug kingpin in history.
Purdue Pharma’s second request to pay its chief executive Craig Landau a bonus that could total millions while the company is in bankruptcy has met resistance.