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OxyContin maker negotiating settlement worth a reported $12B : OxyContin maker negotiating settlement worth a reported $12B

Aug 28, 2019 - The Canadian Press

COLUMBUS, Ohio - Purdue Pharma would devote its profits to cleaning up the devastation wrought by opioids, and the controlling Sackler family would be out, under a $10 billion to $12 billion nationwide settlement taking shape at the negotiating table, according to published reports Wednesday.

The agreement, if it comes to pass, would resolve more than 2,000 lawsuits brought against the maker of OxyContin by state and local governments.

Under the proposal on the table, Purdue Pharma w...