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Purdue Pharma

American pharmaceutical company

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Purdue Pharma: American pharmaceutical company
Purdue Pharma L.P. is a privately held pharmaceutical company founded by John Purdue Gray. It is owned principally by members of the Sackler family as descendants of Mortimer and Raymond Sackler. In 2007, it paid out one of the largest fines ever levied against a pharmaceutical firm for mislabeling its product OxyContin, and three executives were found guilty of criminal charges. Although the company shifted its focus to abuse-deterrent formulations, Purdue continued to market and sell opioids as late as 2019, and continued to be involved in lawsuits around the opioid epidemic in the United States. Purdue filed for Chapter 11 bankruptcy protection on September 15, 2019 in New York.

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OxyContin Maker Purdue Pharma to Plead Guilty to 3 Federal Charges [Video]

OxyContin Maker Purdue Pharma to Plead Guilty to 3 Federal Charges

Justice Department officials made the announcement on Wednesday.

Credit: Cover Video STUDIO     Duration: 01:19Published
OxyContin maker to plead guilty in opioid probe [Video]

OxyContin maker to plead guilty in opioid probe

Purdue Pharma agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal that comes with a $8.4 billion settlement but stops short of..

Credit: Reuters Studio     Duration: 02:37Published
DOJ announces Purdue Pharma's plea deal in opioid probe [Video]

DOJ announces Purdue Pharma's plea deal in opioid probe

Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that imposed significant penalties..

Credit: Reuters Studio     Duration: 02:10Published
OxyContin maker nears guilty plea in opioid probe [Video]

OxyContin maker nears guilty plea in opioid probe

[NFA] Purdue Pharma, the OxyContin maker controlled by members of the wealthy Sackler family, is nearing an agreement to plead guilty to criminal charges as part of a broader deal to resolve U.S...

Credit: Reuters - Politics     Duration: 00:24Published

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Purdue guilty plea 'cuts head off' opioid serpent

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OxyContin-maker Purdue Pharma admits role in opioid epidemic, pleads guilty to federal charges

Purdue Pharma, which invented OxyContin, agreed to pay fines of $8 billion, will be effectively dissolved and converted into a benefit company.
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OxyContin maker Purdue Pharma pleads guilty in criminal case

The OxyContin maker admitted impeding the DEA's efforts to combat the addiction crisis.
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OxyContin maker Purdue Pharma to plead to felonies

Purdue Pharma, the maker of OxyContin, the powerful prescription painkiller that experts say helped touch off an opioid epidemic, will plead guilty to three federal criminal charges as part of a..
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OxyContin maker to plead guilty to federal criminal charges in $8 billion settlement

Purdue Pharma, the company whose OxyContin painkiller that drove a nationwide opioid epidemic, has agreed to plead guilty to federal criminal charges as part of a settlement with the government that..
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Purdue Pharma’s Payments to Sacklers Soared Amid Opioid Crisis

A new audit finds that the family directed $10.7 billion from the drugmaker to family-controlled trusts and holding companies, as legal pressure tightened around Purdue.
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U.S. Supreme Court rejects Arizona opioid case against Purdue, Sackler family

The U.S. Supreme Court on Monday turned away a novel case by Arizona seeking to recover billions of dollars that the state has said that members of the Sackler family - owners of Purdue Pharma LP -..
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Tufts University removes Sackler sign from bldg

A maintenance worker has used a hammer and a flexible wall scrapper to remove the name of the billionaire family that owns OxyContin maker Purdue Pharma from a Tufts University building. (Dec. 5)  
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Fake doctors: OxyContin maker thrives in China

OxyContin sales are slowing in the United States under an avalanche of lawsuits and the bankruptcy of Purdue Pharma. But the company's owner, the Sackler family, continues to profit from sales of their..
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OxyContin maker Purdue gets brief shield from litigation

OxyContin maker Purdue Pharma LP won a court order on Friday briefly pausing the sprawling opioid litigation against the company so it can try to make headway on its proposed legal settlement that it..
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Judge sees benefit in pausing lawsuits against OxyContin maker Purdue

A U.S. Bankruptcy Judge signaled support on Friday for a six-month pause to litigation led by 24 states against OxyContin maker Purdue Pharma LP to give the company time to settle thousands of lawsuits..
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Cracks in Purdue's proposed opioid settlement as Arizona backs out

The U.S. state of Arizona withdrew its support for a proposed nationwide opioid settlement with Purdue Pharma LP, saying the maker of OxyContin sought to "undermine material terms of the deal,"..
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Sacklers reaped up to $13 billion from OxyContin maker, U.S. states say

OxyContin maker Purdue Pharma LP steered up to $13 billion in profits to the company's controlling Sackler family, according to U.S. states opposing efforts to halt lawsuits alleging the company and..
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U.S. states fight back against Purdue's bid to halt opioid lawsuits

U.S. state officials are due on Friday to launch a counterattack against OxyContin maker Purdue Pharma LP over its attempt to shield the company and its controlling Sackler family from thousands of..
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Colleges got $60M-plus from OxyContin family

Prestigious universities around the world have accepted at least $60 million from the family that owns Purdue Pharma over the past five years.. (Oct. 3)  
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Purdue Pharma to stay in business as it pursues bankruptcy protection

Lawyers for the pharmaceutical company secured permission to maintain business as usual — paying employees and vendors, supplying pills to distributors and keeping current on taxes and insurance
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Purdue bankruptcy hearing gets underway

A judge heard arguments to decide whether lawsuits against members of the Sackler family that owns Purdue Pharma can go ahead with the company seeking bankruptcy protection. (Sept. 17)  
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David Sackler defends family and Purdue Pharma

Vanity Fair contributing editor Bethany McClean joined CBSN to discuss her reporting on Purdue Pharma and its involvement in the opioid epidemic. She interviewed David Sackler, who says his family did..
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Purdue Pharma files for bankruptcy amid numerous lawsuits over opioid epidemic

Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, filed for bankruptcy late Sunday. The move came days after Purdue reached a tentative settlement with many..
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Purdue Pharma files for bankruptcy. Here's what it means

Purdue Pharma is framing its bankruptcy filing as an opportunity to cut red tape and provide billions in settlement cash to curb the opioid crisis.
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Even with bankruptcy, Purdue Pharma may not be off hook

Some states plan to object to a settlement in bankruptcy court and may pursue lawsuits against the Sackler family
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Your Monday Briefing

Iran, Purdue Pharma, Ric Ocasek: Here’s what you need to know.
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OxyContin maker Purdue Pharma files for bankruptcy as part of opioids settlement

OxyContin maker Purdue Pharma filed for bankruptcy protection Sunday, days after reaching a tentative settlement with many state and local governments
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New York Uncovers $1 Billion in Sackler Family Wire Transfers

In a court filing, the state attorney general’s office says that it has found new account transfers by family members who own Purdue Pharma, the maker of opioids.
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Eye Opener: The Trump administration moves to ban most flavored e-cigarettes

President Trump proposes a ban on most flavored vaping products. Also, 23 states have reached a tentative settlement with OxyContin maker Purdue Pharma over the nation’s opioid crisis. All that and..
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Purdue settlement falls short for some in Ohio

Ohio has been hit hard by the opioid crisis and residents in Barberton say the settlement with Purdue Pharma will do little to alleviate the opioid epidemic. (Sept. 11)  
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Purdue Pharma reaches tentative deal to settle opioid lawsuits

Arizona's attorney general said the tentative deal was the quickest way to get relief for communities devastated by the opioid epidemic.
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OxyContin maker agrees to tentative settlement for opioid case, attorneys say

Purdue Pharma will reportedly pay up to $12 billion over time and the Sackler family will give up control of the company, sources say.
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If OxyContin-maker Purdue Pharma files for bankruptcy plaintiffs could see smaller payouts

A government source tells CBS News the maker of oxycontin could file for bankruptcy as early as Wednesday. Purdue Pharma and its owners, members of the Sackler family, have been negotiating a potential..
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Sackler family could pay billions to settle opioid lawsuits

The billionaire Sackler family may be willing to pay up, to settle thousands of lawsuits stemming from the opioid crisis. The proposed settlement comes amid speculation that the family's company,..
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U.S. judge allows public nuisance claim in opioid trial

The U.S. judge overseeing nationwide litigation concerning the opioid epidemic on Monday rejected Purdue Pharma LP's effort to dismiss claims that its activities caused a public nuisance.
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U.S. judge denies bid to dismiss claim opioids are a public nuisance

The U.S. judge overseeing nationwide litigation concerning the opioid crisis on Monday rejected Purdue Pharma LP's effort to dismiss claims that its activities caused a public nuisance.
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Sackler family could keep fortune in proposed Purdue opioids settlement

Washington Post reporter Lenny Bernstein joins CBSN to discuss his reporting on a proposed Purdue Pharma settlement could leave the Sackler family with most of their personal fortune.
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Purdue Pharma prepping for a bankruptcy, report says

Lawyers for opioid peddler Purdue Pharma have documents in works for a Chapter 11 bankruptcy filing, Reuters reports
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Purdue University: We're not Purdue Pharma, OK?

Same name, different Purdue: Indiana school finds it must distance itself from pharma company tied to opioid crisis
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Sacklers vs. States: Settlement Talks Stumble Over Foreign Business

The Sackler family is willing to give up Purdue Pharma to settle all claims related to the opioid crisis, but is resisting a quick sale of its overseas drug company.
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Eye Opener: The president signs an emergency declaration for Puerto Rico

Puerto Rico braces for Tropical Storm Dorian. Also, Purdue Pharma is offering $10 to 12 billion to settle more than 2,000 lawsuits accusing them of fueling the opioid crisis. All that and all that..
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Ex-Purdue Pharma head defends OxyContin marketing in video

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Purdue Pharma offering billions to settle opioid crisis lawsuits

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Purdue Pharma opioids suits talks accelerating, plaintiffs say

Settlement negotiations cover 2,000 lawsuits against the OxyContin maker and others in the industry; one report says it's made offer of up to $12B
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Purdue Pharma offers opioid settlement

CBS News has learned Purdue Pharma, the maker of OxyContin, has offered $5-6 billion to settle thousands of claims. It is unclear how much Purdue's owners, the Sackler family, would have to pay.
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Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid lawsuits: sources

OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for $10 billion to $12 billion, two people familiar..
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