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County leaders call for renewed focus on opiate abuse awareness and prevention troyrecord.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from troyrecord.com Daily Mail and Mail on Sunday newspapers.
Donovan voices opposition to Purdue Pharma bankruptcy plan | Vermont Business Magazine vermontbiz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vermontbiz.com Daily Mail and Mail on Sunday newspapers.
The Globe and Mail Jan Hoffman and Mary Williams Walsh The New York Times Bookmark In a filing that signifies the beginning of the end of the United States’ most notorious manufacturer of prescription opioids, Purdue Pharma submitted its bankruptcy restructuring plan just before midnight Monday. The blueprint requires members of the billionaire Sackler family to relinquish control of the company and transforms it into a new corporation with revenue directed exclusively toward abating the addiction epidemic that its signature painkiller, OxyContin, helped create. The plan, more than 300 pages long, is the company’s formal bid to end thousands of lawsuits and includes a pledge from the Sacklers to pay US$4.275-billion from their personal fortune – US$1.3-billion more than their original offer – to reimburse states, municipalities, tribes and other plaintiffs for costs associated with the epidemic.