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Another fund will reimburse 130,485 people and their families of those who suffer from addiction or die of overdose in amounts ranging from $3,500 to $48,000. Parents of the approximately 6,550 children with a history of neonatal withdrawal syndrome can each receive about $7,000.
“Take it or leave it,” Ryan Hampton said. who resigned on tuesday as co-chairman of an observer committee of plaintiffs appointed by the federal government.
OxyContin was launched in 1996, at a time when doctors were encouraged to recognize and treat pain; it was a symptom that the medical profession tended to ignore, either psychologically or temporarily.
Purdue’s sales troops took off across the country, preaching the gospel of new pain relievers to the thousands of doctors who began prescribing OxyContin for both acute and chronic pain. By 2000, sales of the new drug were almost 1.1 billion dollars.
Soon, however, reports began to appear that OxyContin pills were stolen from pharmacies, crushed and snorted. in 2007 The company and three executives pleaded guilty to federal charges, paying a total of $634.5 million to minimize the drug’s risk of addiction to doctors, regulators, and patients.
The nation has been battered by a spiraling epidemic of opioid abuse and overdose deaths. By 2014, local governments began filing lawsuits against Purdue. More plaintiffs followed and eventually sued other companies in the drug supply chain. Members of the Sackler family have become the personification of the villains of the epidemic. The Sacklers withdrew $10.4 billion from Purdue between 2008 and 2017, and they say about half of that is paid in taxes.
In September 2019, Purduefaced 2900 lawsuits, 628 of which were named Sacklers, and filed for bankruptcy restructuring, which stopped all claims.
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