5 ms·
15 States Reach a $4.5B Settlement with Oxycontin Maker Purdue Pharma
- atatatat 5y agoSo what's their new overall profit margin?
- groby_b 5y agoMeanwhile, the Sacklers (the family behind Purdue) made $10+ billion from Oxycontin and only need to pay $3b, spaced over the next 7 years. That just happens to be a conservative 4% return on those $10b. It pays to be a drug dealer, if you do it at sufficient scale
- bredren 5y agoWhile it does appear that family has gotten away with horrific spoils, their story is not over yet.
- ixacto 5y agoIn 3-5 years the pr campaign will start up for some of the younger family members who just donated $$$millions to a local hospital or cancer research center. Then another pr piece on how one of them is an art collector or saving the whales.
- deregulateMed 5y agoNo punishment for the million physicians who gave away opioids? Disgusting. It's us vs the American Medical Association, and we've been losing the battle for the last 140 years. What a story we have been told that only physicians should be in control of healthcare. The corruption by giving a single cartel in control of an industry is causing death and poverty.
- ampdepolymerase 5y agoNot to mention their intense lobbying to restrict residency positions.
- BaronVonPillbox 5y agoCrime does pay
- jzebedee 5y agoNo admission of guilt > According to spokesmen, two branches of the Sackler family noted that the settlement included no finding of liability or wrongdoing. And no more lawsuits > If Judge Robert Drain, who is presiding over the bankruptcy proceedings, certifies the plan after an August hearing, as is now widely expected, both the family and the company would be shielded from further opioid-related lawsuits. Sounds like a good deal for Purdue Pharma.
- irateswami 5y ago> Sounds like a good deal for Purdue Pharma. It's a damn good deal for the sack-of-shit-Sackler family especially. They took out something to the tune of $10 BILLION from Purdue Pharma and are only on the hook for about $50 mil. Nice profit margin right there.
- nceqs3 5y agoThey are on the hook for a couple billion not $50 million.
- Red_Leaves_Flyy 5y agoThat still seems like eight billion dollars short of ten billion.
- crawsome 5y agoThey killed my friends with those drugs. That’s the impact they had. They deserve life behind bars.
- BaronVonPillbox 5y agoThis crime paid Doctors to look the other way. This crime paid Sales Reps to mislead Doctors. This crime paid for vacation, mansions, champagne and more crime. This crime was paid from those hoping to live a pain free life. This crime was paid with entire savings, families and lives. Crime Does Pay.
- fmajid 5y agoTo paraphrase Shakespeare on treason, Crime does not prosper, for if it prosperity, none dare call it crime.
- BaronVonPillbox 5y agoPerhaps a more contemporary version would be: | I'm not a businessman; I'm a business, man! | Let me handle my business, damn
- Mizza 5y agoI hope UnitedHealth, McKesson, AmerisourceBergen and Cardinal are next on the list. The whole thing is a shell game with everybody blaming everybody else and the buck stopping nowhere. They need to go after everybody involved, from the pharma companies through the distributors down to the crooked doctors.
- fmajid 5y agoSay what you want about China’s record on human rights, if the Sacklers lived in China they would all have been passed through a firing squad by now, like those scum who adulterated baby formula with melamine.
- prepend 5y agoA few scapegoats would be shot, but no one truly in power would pay.
- gradschool 5y agoThe Sacklers also actively subverted the FDA, the Justice department, and some members of Congress according to the HBO documentary "The Crime of the Century".
- atatatat 5y agoCongresspeople are disturbingly cheap to buy.
- denton-scratch 5y ago4.5billion doesn't seem like very much. From what I've heard (just news reports), it sounds like it would cost a lot more than that to make good the damage they've caused. Does this judge have form for pro-corporate decisions?
- bigtex 5y agoNow all they need to do is make a vaccine and all their past sins will be forgiven