OXYCONTIN MAKERS FILE FOR BANKRUPTCY

Just hours after the company's board signed off on a proposed settlement with more than 2,000 litigants, including dozens of US states, the embattled US drugmaker Purdue Pharma filed for Chapter 11 bankruptcy protection, a long-anticipated move aimed at shielding the company and its owners, the Sackler family, from financial ruin as they shoulder the brunt of the blame for igniting the opioid crisis with their aggressive marketing tactics of OxyContin.