Sackler Family Settles Opioid Crisis, Purdue Pharma to Change Name

Purdue Pharma, the maker of OxyContin, is nearing a major settlement for opioid lawsuits, with the Sackler family set to pay up to $7 billion over time. The company will change its name to Knoa Pharma and focus on addressing the opioid crisis, with profits going towards public good. Individual victims may receive direct payouts of $8,000 or $16,000 each. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.