Opinion: Start now to prevent the next Purdue Pharma debacle
The judgment finalizing the Purdue Pharma bankruptcy case is a likely bitter end to litigation stemming from the company’s role in fomenting the opioid epidemic, which has claimed half a million lives since 1999 and tethered millions of Americans to opioid painkillers and illicit narcotics.
The owners of Purdue Pharma, the Sackler family, are paying $4.5 billion dollars in fines and the company is being shuttered, though the family has been granted immunity from any liability. While this is the largest fine ever levied on a pharmaceutical manufacturer, the Sacklers will remain one of the richest families in the world.
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