OxyContin maker, governments agree to tentative $12B deal over opioid crisis
2019-09-11 from cbc.ca
OxyContin maker Purdue Pharma reached a tentative deal Wednesday with about half the states and thousands of local governments over its role in the nation's deadly opioid epidemic, but criticism by several state attorneys general clouded prospects for an end to litigation against the company and the family that owns it.
Arizona Attorney General Mark Brnovich said the agreement included more money from the Sackler family, which had become a sticking point during the recent talks.
"Talks are progressing rapidly, but this is the quickest and surest way to get immediate relief for Arizona and for the communities that have been harmed by the opioid crisis and the actions of the Sackler family," Brnovich told The Associated Press.
Sources with direct knowledge of the talks say that Stamford, Conn.-based Purdue will pay up to $12 billion US over time and that the Sackler family will give up control of the company. The sources spoke on condition of anonymity because they were not authorized to speak publicly.
Even with Wednesday's development, roughly half the states had not signed on and several state attorneys general vowed to continue their legal battles against the company and the Sacklers. Roughly 20 states have sued the Sacklers in state court.
New York, Massachusetts and Connecticut were among the states saying they were not part of the agreement.
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