Wednesday, March 27, 2019

OXYCONTIN MAKER TO PAY $270M TO OKLAHOMA

“The addiction crisis facing our state and nation is a clear and present danger,” Hunter said. Of more than 3,000 Oklahomans admitted to hospitals last year for drug overdoses that they survived, 80 percent involved prescription opioids, he said.

The companies deny wrongdoing. Purdue has argued that U.S. Food and Drug Administration-approved labels for its opioids carried warnings about the risk of abuse and misuse associated with them.

The settlement came after Purdue’s chief executive this month said the company was weighing filing for bankruptcy protection to address potential liabilities from the lawsuits, a move that Reuters had reported earlier.

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