Wednesday,  December 11 , 2024

Linkedin Pinterest
News / Business

OxyContin maker Purdue Pharma to plead to 3 criminal charges

The Columbian
Published: October 21, 2020, 8:51am

WASHINGTON — Drugmaker Purdue Pharma, the company behind the powerful prescription painkiller OxyContin that experts say helped touch off an opioid epidemic, will plead guilty to federal criminal charges as part of a settlement of more than $8 billion, the Justice Department announced Wednesday.

The deal does not release any of the company’s executives or owners — members of the wealthy Sackler family — from criminal liability, and a criminal investigation is ongoing. Family members said they acted “ethically and lawfully,” but some state attorneys general said the agreement fails to hold the Sacklers accountable.

The company will plead guilty to three counts, including conspiracy to defraud the United States and violating federal anti-kickback laws, the officials said, and the agreement will be detailed in a bankruptcy court filing in federal court.

The Sacklers will lose control of their company, a move already in the works, and Purdue will become a public benefit company, governed by a trust that has to balance the trust’s interests against those of the American public, officials said.

The settlement is the highest-profile display yet of the federal government seeking to hold a major drugmaker responsible for an opioid addiction and overdose crisis linked to more than 470,000 deaths in the country since 2000.

Ed Bisch, who lost his 18-year-old son to an overdose nearly 20 years ago, said he wants to see people associated with Purdue prosecuted and was glad the Sackler family wasn’t granted immunity.

He blames the company and Sacklers for thousands for deaths. “If it was sold for severe pain only from the beginning, none of this would have happened,” said Bisch, who now lives in Westampton, N.J. “But they got greedy.”

Support local journalism

Your tax-deductible donation to The Columbian’s Community Funded Journalism program will contribute to better local reporting on key issues, including homelessness, housing, transportation and the environment. Reporters will focus on narrative, investigative and data-driven storytelling.

Local journalism needs your help. It’s an essential part of a healthy community and a healthy democracy.

Community Funded Journalism logo
Loading...