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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe Sackler family agreed to give up Purdue Pharma, but wants to continue selling Oxycontin overseas
Source: New York Times
Sacklers vs. States: Settlement Talks Stumble Over Foreign Business
The Sackler family is willing to give up Purdue Pharma to settle all claims related to the opioid crisis, but is resisting a quick sale of its overseas drug company.
By Matthew Goldstein, Danny Hakim and Jan Hoffman
Aug. 30, 2019
Updated 7:20 p.m. ET
Purdue Pharmas negotiations to settle thousands of lawsuits over the companys role in the opioids crisis have turned into a standoff between members of the Sackler family, who own the company, and a group of state attorneys general over how much the family should pay and whether it can continue selling drugs abroad.
The Sacklers are deep in negotiations that, if finalized, would force them to give up ownership of Purdue, the company widely blamed for the onset of the opioid epidemic with its aggressive marketing of the prescription painkiller OxyContin. But they want to keep selling OxyContin and other drugs abroad for as many as seven more years, through another company they own, Mundipharma, based in Cambridge, England.
Some attorneys general, particularly in wealthier states like New York, Massachusetts and Connecticut, are resisting that and other issues related to the foreign business.
Connecticut demands that the Sacklers and Purdue management be forced completely out of the opioid business, domestically and internationally, and that they never be allowed to return, said Attorney General William Tong of Connecticut.
-snip-
The Sackler family is willing to give up Purdue Pharma to settle all claims related to the opioid crisis, but is resisting a quick sale of its overseas drug company.
By Matthew Goldstein, Danny Hakim and Jan Hoffman
Aug. 30, 2019
Updated 7:20 p.m. ET
Purdue Pharmas negotiations to settle thousands of lawsuits over the companys role in the opioids crisis have turned into a standoff between members of the Sackler family, who own the company, and a group of state attorneys general over how much the family should pay and whether it can continue selling drugs abroad.
The Sacklers are deep in negotiations that, if finalized, would force them to give up ownership of Purdue, the company widely blamed for the onset of the opioid epidemic with its aggressive marketing of the prescription painkiller OxyContin. But they want to keep selling OxyContin and other drugs abroad for as many as seven more years, through another company they own, Mundipharma, based in Cambridge, England.
Some attorneys general, particularly in wealthier states like New York, Massachusetts and Connecticut, are resisting that and other issues related to the foreign business.
Connecticut demands that the Sacklers and Purdue management be forced completely out of the opioid business, domestically and internationally, and that they never be allowed to return, said Attorney General William Tong of Connecticut.
-snip-
Read more: https://www.nytimes.com/2019/08/30/health/purdue-sacklers-opioids-settlement.html
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Note: OP title comes from NYT home page.
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The Sackler family agreed to give up Purdue Pharma, but wants to continue selling Oxycontin overseas (Original Post)
Eugene
Aug 2019
OP
Uh, sorry about all those dead people. Don't mind us. We're just going to pack up and go kill people
smirkymonkey
Aug 2019
#1
smirkymonkey
(63,221 posts)1. Uh, sorry about all those dead people. Don't mind us. We're just going to pack up and go kill people
someplace else. Cheerio!
htuttle
(23,738 posts)2. "It's hard out here for a pimp"
Three Eagles
(4 posts)3. So they want to call it even
I understand the Sackler Family want to offer up the football and go home.
Is this like a rapist offering up his carpeted van to let bygones be bygones?