35 Burst results for "Purdue pharma"

Patrick Radden Keefe on Empire of Pain

The Book Review

02:23 min | Last month

Patrick Radden Keefe on Empire of Pain

"Patron kief joins us now. His new book is called empire of pain. the secret history of the sackler dynasty. Patrick thanks for being here. Thanks so much for having me back. So let's start with a very basic question. In case people are not aware of the sackler family and why he would be writing about them with title like empire of pain. who are the sackler. So this sort of to waste answer that question until a few years ago what. The sackler name Generally to to the extent that people were aware of this family it was a very wealthy family. One of the wealthiest families in the united states with a branch in the uk in london and they were known chiefly for philanthropy right art museum wings. Hundreds of millions of dollars to art museums and universities and medical research and would very often put their name on these bequests. If you you know in new york city go to the metropolitan museum of art and there's the sackler wing And that was what they were known for. What was more mysterious. Was the source of this wealth and it has People have become more widely aware. Recently that That the bulk of this wealth comes from a company purdue pharma which produces the powerful painkiller oxycontin in this era in which the naming of things and the un naming of things mounting and the on mounting has become very active. Is it still the circle ring. In the metropolitan museum is sackler still emblazoned on all of these buildings and donated wings. Well it's very much in flux. So as i speak today it's still the sackler wing but the has actually announced today initially. They said they weren't taking any future. Donations from the soccer is because of the connection between the family and the crisis and then more recently. They've said that they are You know i think assessing is is the word whether or not the sackler wing will remain the sackler wing. Some institutions have started to take the name down so tufts university took down the sackler name from a series of buildings Because the students there this is at the medical school had said. I don't wanna go to class in a building named after this family and and get my medical education. They're more recently. New york university has done the same. The louvre in paris is taken down the sackler name. So there's a real question for many of these other institutions and there's dozens and dozens of them were the name still stands whether or not they'll keep it

Patron Kief Joins Metropolitan Museum Patrick Pharma New York City London United States UK UN Soccer Tufts University New York University Paris
Nevada announces $45M settlement with McKinsey over opioids

AP News Radio

00:41 sec | 2 months ago

Nevada announces $45M settlement with McKinsey over opioids

"Hi Mike Rossi a reporting the vada reaches a settlement with the firm tied to the opioid crisis after electing not to be party to a multi state settlement the vada has struck a deal with global consulting firm McKinsey and company for its role in helping Purdue pharma increased sales of prescription pain killers during the national opioid crisis McKinsey and company has agreed to pay the VAT up forty five million dollars in February the New York based company settled for five hundred seventy three million dollars with forty seven states the district of Columbia and five U. S. territories according to state Attorney General Aaron Ford had Nevada been party to the multi state deal it would have received seven million dollars hi Mike Rossi

Mike Rossi National Opioid Crisis Mckinse Vada Purdue Pharma Mckinsey Attorney General Aaron Ford New York Columbia Nevada
Purdue Pharma Offers Restructuring Plan, Sackler Family Would Give Up Ownership

News and Perspective with Tom Hutyler

00:36 sec | 3 months ago

Purdue Pharma Offers Restructuring Plan, Sackler Family Would Give Up Ownership

"Do Pharma submitting its bankruptcy restructuring plan overnight? Here's compost Frank Lindsay. The Sackler family owns the company. They boosted their offer to settle opioid lawsuits to $4.28 billion. That's 1.3 billion Maura than their original offer. Produce farm a file the bankruptcy restructuring plan right before the midnight deadline. Money from the settlement deal will go to reimburse states, local governments and other plaintiffs who super due for its role in the opioid crisis. Last month, Washington State Attorney General Bob Ferguson announced our state share would be $13.5 Million, which will go toward treatment prevention and other efforts to fight the opioid

Frank Lindsay Pharma Maura Washington State Attorney Bob Ferguson
Purdue Pharma proposes $10 billion plan to come out of bankruptcy

Morning Edition

03:45 min | 3 months ago

Purdue Pharma proposes $10 billion plan to come out of bankruptcy

"Pharma, The company that makes OxyContin filed its bankruptcy plan last night, And here is the plan, the company itself will be dissolved. A new organization will be created that will direct profits to help people. Hurt by the opioid epidemic. Now, two dozen states immediately rejected this plan to help answer why NPR's addiction correspondent Brian Mann is with us. Hi, Brian. Hey. Good morning, Noel. How did Purdue Pharma described this plan working overtime. Yes. So what the company's president Steve Miller says, is that a new company is going to be created from the ashes of produce farmer that's going to essentially exist to benefit the public. The sack lawyers will have no roller ownership. And over time, this new firm will generate hundreds of millions of dollars, much of it from selling OxyContin, which they say they can do ethically and safely. Will also produce medicines that will go to help people suffering from opioid addiction, and they saved a total value of all that overtime will be roughly $10 billion. Members of the Sackler family also issued a statement late last night, saying, this plan offers and I'm quoting here. An important step toward providing help to those who suffer from addiction. It was clearly thought through. Why did so many states come out and rejected? Offhand? Yeah, there were months of negotiations leading up to this and a big complaint from state attorneys general, most of them Democrats, Noel is that produce farmer and its owners. Seculars. They're gonna only offer of about $500 million, right. At first. The rest of the cash payments, including $4.2 billion promised by the Sackler is themselves. That would be spread out slowly in installments that would be paid over most of the next decade. And that slow pace really angers critics like Maura Healey, she's attorney general in Massachusetts. What the sacristy are offering essentially is a way for the payments to be structured. That makes it convenient for them. They get to keep their billions of bank accounts and make money and use the interest to pay. You know, the state's out over time. Well there OxyContin fortune keeps growing. And there's one other rub here for critics, and that's the fact that a lot of that $10 billion in value that produce farmer talks about it doesn't actually come in the form of cash, which communities really need to pay for addiction programs. And said the plan envisions providing low cost addiction treatment drugs like people, Morphine and the lock zone, which this new spinoff company they hope to create, would make and sell at a discount.

Brian Mann Sackler Noel Purdue Pharma Oxycontin Steve Miller Pharma NPR Maura Healey Brian Massachusetts
Purdue Pharma proposes $10 billion plan to come out of bankruptcy

Up First

03:25 min | 3 months ago

Purdue Pharma proposes $10 billion plan to come out of bankruptcy

"Pharma the maker of oxycontin filed. Its long bankruptcy plan just before midnight last night in a federal court right. So here's the plan. The company itself will be dissolved. A new organization will be created that would direct profits to help people who were hurt by the opioid epidemic but two dozen states came right out and they rejected that plan. They say it doesn't hold the sackler family which owns purdue pharma accountable. Let's bring bringing. Npr's addiction correspondent. Brian man Brian what does purdue pharma savings. This plan will do the company's president a he's a guy named steve miller and he says this new company that will be created from the ashes of purdue farmable essentially exist to benefit the public. The sackler will have no role or ownership going forward and over time. This new firm will generate hundreds of millions of dollars much of it from selling oxycontin which they say they can do ethically and safely. They'll also produce other medicines that will help people with opioid addiction. According to purdue pharma the total value over time To thousands of creditors will be billions of dollars and members of the sackler family also issued a statement last night. They said this plan offers. And i'm quoting here. An important step forward helping those who suffer from addiction. Okay but wire so many states unhappy about this a lot of reasons but a big complaint is from state attorney general most of them democrats who say that purdue pharma and its owners the sackler only offering up about five hundred million dollars right up front the rest of the cash payments including four point. Two billion dollars promised by the sackler themselves. All that money would be spread out in installments. Paid over most of the next decade that really angers critics like more healey. She's attorney general in massachusetts. What the are offering essentially as a way for the payments to be structured. That makes it convenient for them. They get to keep their billions and bank accounts and make money and use the to pay. You know the states out over time while they're oxycontin or chin keeps growly and there's another row bay for critics and it's affected a lot of the ten billion dollars in value. Promise by purdue pharma in this deal doesn't actually come in the form of cash that communities desperately need to pay for things like addiction programs in public health instead. This plan would provide low cost addiction treatment drugs like buprenorphine and lock zone which the new spin off company would make and sell at a discount. Then what happens to the sackler here. Because if the federal bankruptcy court approves this plan i mean they feel any personal thing at all. This is a really big question. After launching oxycontin and claiming it was safer than opioids other opioids the sackler and their company hauled in more than thirty dollars in revenue. Purdue pharma has since pleaded guilty twice to federal criminal charges for their marketing of opioids researchers say oxycontin contributed to this explosion of opioid addiction and death. Now the actors have agreed to give up control of their company. But some critics point out that purdue pharma was already sinking under the crush of all these lawsuits. So it's not clear how big a financial sacrifice that really is. Members of the family also added about a billion dollars to the earlier settlement offer. They made but in this deal they will keep most of their personal fortunes and they'll admit no

Purdue Pharma Brian Man Brian Sackler Family Oxycontin Steve Miller Pharma NPR Healey Massachusetts
Purdue Pharma proposes $10 billion plan to come out of bankruptcy

Our American Stories

00:17 sec | 3 months ago

Purdue Pharma proposes $10 billion plan to come out of bankruptcy

"Billion plan submitted to a bankruptcy judge Monday night Produce Farm, a maker of Oxy cotton would be transformed into a new entity that would funnel profits into combat in the nation's opioid debacle. The Sackler family, Purdue Pharma's owners would pay four billion out of their own pockets. His

Produce Farm Oxy Cotton Purdue Pharma
Purdue Pharma Board Members, Accused Of Fueling Opioid Crisis, Questioned in Florida

Todd Schnitt

00:28 sec | 6 months ago

Purdue Pharma Board Members, Accused Of Fueling Opioid Crisis, Questioned in Florida

"Is accused of fueling the opioid epidemic and two board members. Have been hauled before Congress to answer the allegations. It's very clear that produce Pharma always chose to maximize profits at best. This behavior is negligent. At worst, it represents a deadly and deliberate strategy that made your family rich. While harming hundreds of thousands of people. South Florida Congresswoman Debbie Wasserman Schultz question David and Kathy Sackler to family members who were on the board of the privately held drugmaker the launch

Pharma Congress Kathy Sackler Debbie Wasserman Schultz South Florida David
Family behind OxyContin attests to its role in opioid crisis

AP News Radio

00:53 sec | 6 months ago

Family behind OxyContin attests to its role in opioid crisis

"Members of the family behind the company that makes the pain killer oxycontin testified before a house committee about its role in the opioid crisis Purdue pharma's Kathy Sackler says there's nothing more tragic than the loss of a child as a mother well your grades for those parents who have lost their children I am so terribly sorry for your pain and loss Sackler said she did some soul searching there is nothing that I couldn't find that I would have done differently she and cousin David Sackler stopped short of apologizing or admitting wrongdoing oxycontin is a medicine the produ intended to help people and it has helped and continues to help millions of Americans Purdue CEO Craig Landau also testified saying the company accepts full responsibility at Donahue Washington

Kathy Sackler House Committee David Sackler Sackler Oxycontin Craig Landau Purdue Washington
Family behind OxyContin attests to its role in opioid crisis

Steve Scaffidi

00:44 sec | 6 months ago

Family behind OxyContin attests to its role in opioid crisis

"Members of Purdue Pharma's Sackler family, testifying before Congress today on the drug companies rolling the opioid epidemic. This is the first time in years that members of the family have been publicly questioned under oath on farmers role in the opioid crisis. Purdue recently pleading guilty to three charges as part of a settlement with the Justice Department. Representative James Comey, ranking member of the House Oversight and Reform Committee. Speaking at the beginning of the hearing, they sought out doctors who were more likely to prescribe opioids and encourage them to prescribe Oxy cotton. Because it was safe. They did this because OxyContin quickly became a cash cow for the company. The opioid crisis has killed nearly half a million people in the US since

Purdue Pharma Representative James Comey House Oversight And Reform Com Purdue Congress Justice Department United States
OxyContin maker Purdue Pharma pleads guilty in criminal case

Democracy Now! Audio

00:34 sec | 7 months ago

OxyContin maker Purdue Pharma pleads guilty in criminal case

"Purdue pharma the maker of oxycontin pleaded guilty to criminal charges admitting responsibility for its role in fueling the devastating opioid epidemic. That's killed hundreds of thousands of people. The charges included offering illegal kickbacks to doctors and exchange for them. Writing more prescriptions purdue reached a plea deal with the justice department for over eight billion dollars last month but will likely pay out just a fraction of that is the companies in bankruptcy proceedings. Members of the billionaire sackler family who owned perdue have not been criminally charged

Purdue Pharma Purdue Justice Department Sackler Perdue
OxyContin maker Purdue Pharma pleads guilty in criminal case

The World and Everything In It

00:54 sec | 7 months ago

OxyContin maker Purdue Pharma pleads guilty in criminal case

"The maker of the drug oxycontin pleaded guilty tuesday to criminal charges for its role in the opioid epidemic. World's anna joe brown has more a federal judge in new jersey. Gavelled in virtual. Hearing in the trial of purdue pharma the company made drug oxycontin and prosecutors. It pushed oxy to the public more like a massive corporate drug dealer than a pharmaceutical company on tuesday. Purdue pharma pleaded guilty to criminal charges admitting to its role in the opioid crisis drugmaker confessed to shady practices. Meant to persuade or even pay doctors to overprescribe. It's addictive painkillers. Proof are also acknowledged that it misled the drug enforcement administration and impeded the da's efforts to combat the addiction crisis. The guilty pleas were part of a criminal and civil settlement announced last month with the justice department it includes more than eight billion dollars in penalties and

Anna Joe Brown Purdue Pharma OXY New Jersey Purdue Drug Enforcement Administratio DA Justice Department
OxyContin maker Purdue Pharma pleads guilty to criminal charges

News, Traffic and Weather

00:33 sec | 7 months ago

OxyContin maker Purdue Pharma pleads guilty to criminal charges

"The maker of OxyContin pleads guilty to criminal charges within two decades after it started marketing OxyContin. Purdue Pharma admitted its tactics contributed to an opioid epidemic blame for hundreds of thousands of American deaths per do pleaded guilty during a video hearing before a federal judge in Newark to conspiracy charges that stem from the companies. Aggressive marketing of OxyContin and other opioid products Chairman Steve Miller conceded during the hearing. Produce failed to account for 1.4 million OxyContin prescriptions written by questionable providers who should have been flagged to the D E a Erin Kotowski ABC NEWS New York

Purdue Newark Steve Miller Erin Kotowski ABC New York
OxyContin maker Purdue Pharma pleads guilty in criminal case

AP News Radio

00:48 sec | 7 months ago

OxyContin maker Purdue Pharma pleads guilty in criminal case

"The company that makes oxycontin has formally admitted its role in the opioid epidemic in a virtual hearing with a federal judge in New Jersey Purdue pharma pleaded guilty to three criminal charges the oxycontin maker admitted paying electronic medical records company to send doctors information on patients that encourage them to prescribe opioids it it needed pain doctors through a speakers program to induce them to write more prescriptions and the company admitted impeding the DEA's efforts and knowledge and it had not maintained an effective program to prevent prescription drugs from being diverted to the black market the guilty pleas were part of a criminal and civil settlement announced last month Pennsylvania resident Cynthia Munger whose son is in recovery is among the activists pushing for Purdue owners and company officials to face criminal charges until we do that she says and we stop accusing brick and mortar not individuals nothing will change I'm Jennifer king

Purdue New Jersey Cynthia Munger DEA Pennsylvania Jennifer King
Purdue Pharma, maker of OxyContin, expected to plead guilty to charges related to nation's opioid crisis

Bill Handel

00:55 sec | 7 months ago

Purdue Pharma, maker of OxyContin, expected to plead guilty to charges related to nation's opioid crisis

"Do Pharma. The corporation is expected to plead guilty to charges today. Now the truck stone federal conspiracy and kickback charges. They will acknowledge that it's aggressive marketing of opioid medications helped Make the addiction crisis worse. And then there's a separate deal with them with members of the Sackler family that owned the company. And some people say that the deal with the family is not harsh enough. Yeah, well, but they do give up ownership of the company. They know what are many connections they had to give up the company. I mean, they can't make him give up while they could. They could have said that you forfeit all the money. You can't. You can't get any money from the sale of the company as a find. They could have done that. But there are no executives that are being named and it's just the corporation itself.

Sackler
Bankruptcy judge OKs federal settlement with Purdue Pharma

WTOP 24 Hour News

00:36 sec | 7 months ago

Bankruptcy judge OKs federal settlement with Purdue Pharma

"U. S bankruptcy judge says an $8.3 billion settlement between OxyContin maker Purdue Pharma, its owners and the federal government can go forward. The settlement is opposed by about half the states, some advocates for victims of the opioid crisis and some members of Congress because it locks the judge into accepting the company's proposal. In addition to the civil settlement, the company pleaded guilty to three criminal charges last month. Members of the Sackler family. Owners of the company also agreed to pay $225 million to settle civil claims. I might grow CIA up next in money news, Thanks to the pandemic. We're doing a lot more shopping online

Purdue Pharma Federal Government Congress Sackler CIA
Federal Judge Approves Landmark $8.3 Billion Purdue Pharma Opioid Settlement

All Things Considered

00:16 sec | 7 months ago

Federal Judge Approves Landmark $8.3 Billion Purdue Pharma Opioid Settlement

"Fentanyl and other opioids have been infiltrating the U. S and have been a major cause of overdose deaths. Federal judges now approved an $8 billion civil and criminal settlement between Purdue Pharma and the Justice Department linked to the company's marketing of there is opioid medications will

U. Purdue Pharma Justice Department
"purdue pharma" Discussed on Opening Arguments

Opening Arguments

07:34 min | 8 months ago

"purdue pharma" Discussed on Opening Arguments

"On Valley Free Radio Stephen Baltica Sandoval John Builder back every time I hear someone mentioned Griswald I pretended a lawsuit about dumping sewage in a storm drain. Esters full see. Okay. I shrieked National Lampoon's Christmas vacation. Yeah. Yeah. Took me a second I remember now I know that guy is so nuts now. Oh, Jeez sees a trumper. Oh no I can't edit that out me I can't mention it during this I shake my little on the catwalk on the catwalk. I shake my little touche on the Catwalk Phil Kaiser Andrea the arbitrary and Capricious Eric. Osmond. I like traffic lights I like traffic lights I like traffic lights stop equivocating they're not. The Same Vote Biden by Don Twenty twenty Taco bell puts beans in their items not pins just hang. Oh okay. That's the first argument on her argument, but we can still pin the rapper I dunno, I gotTa Abkhazian terrified for future and lost any shred of hope for for humanity pains trump at tram lists drinking burgundy and reading outbreak crisis of faith by no allusions and Andrew Torres highly recommended. Yeah I. Just bought some Burgundy classes recently there. So classing fun. I could do that same thing. A world without simile wouldn't be like anything the wandering. Gambler. We're no strangers to love you know the rules and so do I the full commitments what I'm thinking of. Like, to do a song lyrics I guess or something. Skoda's uses the BOB's country bunker model of religious tolerance Milo meed song is working the polls. Therese. Chan. Boston show. Live Boston live show two thousand twenty one with lobsters and Karaoke join your your join your labor union together we bargain alone we beg I move for a bad election thingy well, we'll see Ipso Fatso. James K doctor at night homeschooling our kids in the day. Pretty sure. My Wife's a superhero Chad, t anonymous but some beans on it are my favorite reminders pins are close second out Dir- you. We had a poll about this and the Group we've solved this pins are better. Word Origins Dot Org your source for legal terms from Thirteenth Century Saxony stop ask question to Gomez would ask r.i.p notorious garbagey. Hope you all are safe and well have a good week. Airbud. Sixty nine. It's a doggy world out here video killed the Patriot pon. Liz Constitutional Committee Weeks Derek terrified we'll be pecked to death by lame ducks Adam ducts don't really packed. Do They Adam Casa J Alden walt a string maybe it's like terrified we'll be crapped on by a lame ducks ducts do a lot of crapping that the less. That, they don't have the sharp beaks, chickens, boy I I grew up We had chickens on her property, those those things they'll get you different they. They also crap a lot. They do both anyway buttercup Spooky Cat hotel non now on facebook run twenty twenty because d. y. the f. not the coronavirus apocalypse is making me to depressed to think of anything clever this week Malaysia Chandler try secular manslaughter. Do I get any fame and fortune for making an eighties reference that even Andrew Jen get I guess. So saggy Pants Matthew Vernon international cocaine importers INC adopt a homeless Patna. Posey. Decline ear docking don't take legal advice from laser beam monstrosity attorney at Law Heather L. Jeremiah's fancy microwave emporium in an alley. Dan Ears. Ari David in Brooklyn Ally Bosnich Sam now Miss Poon says pins are better than beans. Okay. Mitchell commute. So behind on podcasts drop what you're doing because trump's about to ruin they the vote he dance. Notre Natasha crunchy wants you to support the Justice Policy Institute. SAMBUC is that one hundred percent and Conrad Michael's where? We made it. Okay. Thank you. Oh, know socially this firm has ever failed the bar exam no kidding. Hey, now it's time for t three be answer time who don't feel confident on this one. Let's see how I did. Yeah this was a question about what we used to call a judgment notwithstanding verdict or J N V and It's J. N. O. V. because there are some Latin words in there that I don't know and I'm not I'm not gonNA try pronounce them and look them up even if I could and that is the question of can you ask a court to say I don't care what the jury says I want you to decide as a matter of law that you are going to direct of verdict one way or the other and In the criminal justice system, you cannot do this right. If if a jury come back with a verdict of not guilty you don't get to say no that that should write you kind of feel like they're. This could be where I made a mistake I was sort of thinking of this as a criminal thing. This is a civil case, breach of contract and fraudulent misrepresentation, and the question is, can you ask the court to direct a particular verdict based on the evidence and the answer is yes but we're not necessarily out of the woods yet. And the reason for that is think about the way the life cycle of a trial right? We've talked about how you file your complaint. Your complaint says on Information and belief for the things you don't know you get discovery for the things you hope to find. But when discovery is over, it's then a question of what does the evidence show right and you move for summary Judgment that says, Hey, all the evidence is in and there is no evidence that my client was ever on your property. Therefore, we're going to dismiss We're going to say that you should move for summary Judgment, this is where I get confused on things. A lesson. So what? A judge is able to just say, yeah, no, this evidence sucks I. don't even want it to to a jury. It's not worth it right and so that's what happens in the summary Judgment face but suppose the judge says, no, there seems to be a genuine issue of material fact here. Well, this question it sounds like nobody filed the motion. They filed a motion for summary Judgment that was denied right like we don't know this one said neither party filed for a motion for judgment for judgment as a matter of law that's not that's separate from moving for summary Judgment before the trial Oh, it is Geez. Yeah. We don't know about to get there. So we don't know if if either party moved for summary Judgment but if they did it was denied and then you go to trial and then suppose the judge says yeah. That's right. You say you have a witness who? Can testify that Mr Smith was indeed on your property so. That's a material dispute. We're GONNA GO FORWARD WE'RE GONNA have a trout but then suppose I, put my witness up he sucks right. Seriously this year honor. Let the record show this witness sucked. Ed. Ed Suppose Rain like that happens I. Did you did you see Mr Smith on on your like I own a computer store I'm legally blind but I'm pretty sure there's a sticker on the laptop that Mr Smith gave me that showed that it was his Latin? Irma Right and so the witness doesn't say what what you expected him to say. If that happens and again you you about to explain why these motions are commonplace but they're not granted.

Mr Smith Boston Adam Casa J Alden walt Irma Right Stephen Baltica Sandoval Phil Kaiser Andrea Thirteenth Century Saxony facebook Don Twenty twenty Osmond Ta Abkhazian Biden Ipso Fatso Therese trump Andrew Jen Skoda Milo meed Andrew Torres
Purdue Pharma settlement marks second guilty plea for company

This Morning with Gordon Deal

00:26 sec | 8 months ago

Purdue Pharma settlement marks second guilty plea for company

"Maker Purdue Pharma has agreed to plead guilty to three federal criminal charges with company agreed on a record breaking $8 billion settlement with the federal government. This comes as a result of Purdue farmers role in creating the US opioid crisis. Opioid crisis led to massive painkiller abuse by millions of Americans of the settlement money will be used to fund opioid treatment programs. Three

Purdue Pharma Purdue United States
OxiContin Maker To Pay Out Billions In Civil, Criminal Penalties

NPR's Business Story of the Day

05:10 min | 8 months ago

OxiContin Maker To Pay Out Billions In Civil, Criminal Penalties

"The makers of oxycontin one of the drugs blame for sending off the OPIOID crisis will plead guilty to federal criminal charges. The Justice Department announced those charges against Purdue Pharma yesterday as part of an eight billion dollar settlement NPR addiction correspondent Brian Man is with US Brian Good Morning. Steve, how's a settlement? GonNa work. Yeah. So if it's approved by a federal bankruptcy judge, Steve The purdue Pharma will admit to the three felony charges including a charge that they misled doctors about the safety of medications like Oxycontin, over time, then the company would pay out billions of dollars in civil and criminal penalties, Jeffrey Rosen, the deputy attorney general who outlined the agreement yesterday says the sackler family would also be forced to give up control of their company. Instead of being the owners of a major pharmaceutical company, they will have no stake in that company. Now that sounds like a lot but critics are pointing to the fact that Purdue Pharma was already in big trouble facing bankruptcy struggling to hold onto employees and flooded with thousands of lawsuits tied to the improper marketing of opioids, and despite all that under this deal does federal deal the sackler walk away with most of their personal fortunes intact by some estimates there worth as much as ten billion dollars because of OPIOID prophets, they'll pay a fraction of that in penalties only about two hundred, twenty, five, million dollars out of their own pockets and Steve. There are no criminal charges against them the sackler. Admit to know personal wrongdoing. Well, how do prosecutors explain the deal would include no criminal charges and the sackler not entirely but mostly giving up a pile of liabilities rather than a penalty they would really feel. Deputy. Attorney General. Rosen was asked about this yesterday and he says these penalties go as far as the government can right now holding purdue and the sackler accountable. There is no law that says if you've done something wrong, we should just simply strip somebody of all their assets in existence that's not how it works. It has to be that we are looking at specific ex wrongdoing civilly or criminally, and then having a proportionate response but a lot of people including more than two dozen state attorneys, general dozens of members of Congress advocates for people suffering from addiction. They all say, this isn't proportionate response. They say members of the sackler family played a personal role pushing the prescription opioid boom developing these illegal and deceptive marketing practices that made purdue. Pharma. So profitable the Tissue James is New York State Attorney General, and she's suing members of the. Sackler family, her team tracked hundreds of millions of dollars in opioid prophets that the sackler sent to offshore accounts. She told. NPR. This justice department deal doesn't go nearly far enough doesn't account the hundreds of thousands of deaths of millions of addictions caused by produce farmer in the sackler family all of destruction that they have caused it basically allows billionaires to keep their billions without any accounting for how much a really made James says her state probe of the sackler family will continue. Meanwhile, there's one more detailed, the settlement that sparking. Anger, it turns out purdue. Pharma doesn't actually have enough money left to pay out the billions of dollars agreed to in this settlement. So the plan is for the government to reorganize Purdue Pharma into what's known as a public benefit company that means prophets from future sales of opioids like oxycontin would be used to pay for drug treatment and rehabilitation programs around the country Greg mcneal lives in. Ohio. One of the states hit hardest by the OPIOID epidemic and he lost his son Sam to an overdose five years ago. He. Says this idea of the government getting into the OPIOID business now after it's caused so much harm. He says it just feels wrong it. It just seems ill advised having the government entered into that business. Gosh. There's something about that. That just doesn't doesn't add up at all. And I should say Steve Twenty five state attorneys general agree they signed a letter last week they send it to Attorney General William Bar arguing that this arrangement is ethically wrong and could shelter purdue Pharma and the sackler from future criminal or civil liability Brian Kennedy at least be said for the deal that there's some money here that might help people harmed by the. OPIOID. Epidemic. That will definitely that's what the Justice Department is saying. So let's take stock for a second nearly seventy two thousand people died from overdoses last year this is still ongoing. A lot of those were opioid deaths. What US attorneys say is if this deal is finalized by the bankruptcy court, it would mean extraordinary new resources for states and cities and tribal governments struggling to keep people alive. But one thing everyone agrees to here is that this problem is so big now affecting. So many Americans they say the eight billion dollars from purdue, Pharma is really just a drop in the bucket.

Purdue Pharma Purdue Sackler Justice Department Steve NPR Jeffrey Rosen Attorney Brian Man Deputy Attorney General United States Steve Twenty Ohio Epidemic Attorney General William Bar Congress New York James
"purdue pharma" Discussed on New Jersey 101.5

New Jersey 101.5

02:54 min | 1 year ago

"purdue pharma" Discussed on New Jersey 101.5

"More information visit Purdue pharma claim how many jerseys first news five forty four let's bring in our chief meteorologist Dan zero so Dan it's just a yucky day that's pretty much it whether in a word soggy this morning we're kind of in phase one of this storm system with some light precipitation streaming through New Jersey that has included some snow flakes to the north and west in right now the northern and western edge of the state seeing some wintry activity Hunterdon Warren Sussex Passaic and Bergen counties seeing some snow flakes maybe a dusting on windshields maybe some slippery spots but no substantial accumulation as temperatures rise into the lower to mid forties we will lose the wintry characteristic here is just going to be a wet day with bands of rain streaming through of course lower to mid forties and a stiff breeze making things pretty nasty so it's it's really not going to be a pleasant day here over an inch of rain is possible the rain finally exits the garden state this evening then we'll see partial clearing overnight lows in the mid to upper thirties and a nice dry day for tomorrow with sun and clouds and highs fifty five to sixty degrees Wednesday we flip back to the website rainy and breezy all day highs only in the mid to upper forties but Thursday will be just like tomorrow with breaks of sun and dry weather highs fifty five to sixty warming up into the sixties on Friday but there will be a chance for showers there especially early and late under mostly cloudy skies New Jersey won a one point five is time is now five forty five the state these new Jersey's first news morning honoring Scott among our top stories this morning New Jersey now has more than nineteen positive tests for a novel coronavirus and twenty yes Anes on lockdown as the number of cases continues to rise governor Murphy says prosecutors are now on call to enforce zero tolerance of gatherings of any kind your outdoor forecast in New Jersey fast traffic is next it's Macy's VIP sale with an extra thirty percent off designers that rarely go on sale when you use your coupon Macy's card that's big savings on the season's best friends like head to toe neutrals modern florals pops of coral and more plus use your coupon to take fifty percent off beauty to for check out great spring specials for you your family and your home plus everyone gets free shipping on purchases of twenty five dollars or more now at macys dot com savings off regular and sale prices exclusions apply hi I'm Jay Farner CEO of quicken loans America's largest mortgage lender let's talk credit card debt for a minute if you feel you're carrying too much of it you're not alone the average household in the U. S. carries over eight thousand dollars in credit card debt ready for some good news with a cash out refinance from quicken loans you can quickly and easily put some of the equity in your home to good use by paying off a lot of that high interest credit card debt a.

Purdue pharma
"purdue pharma" Discussed on AP News

AP News

12:14 min | 1 year ago

"purdue pharma" Discussed on AP News

"Oxycontin maker Purdue pharma has started an ad campaign for claims the $23000000 campaign is part of Purdue pharma's bankruptcy proceedings it's trying to resolve close to 3000 lawsuit over the company's role in the opioid crisis online ads direct people to a website where claims can be made other versions of the ad will be seen later through various media to let people know they have until the end of June to file claims Purdue has proposed a settlement that could be worth more than $10000000000 over time produce stop making oxycontin 2 years ago the heart of the lawsuit is the company promoted its drugs to doctors especially in misleading ways downplaying risks and overstating benefits I'm at Donahue

Purdue pharma Purdue Donahue $10000000000 $23000000 2 years
"purdue pharma" Discussed on AP News

AP News

10:57 min | 1 year ago

"purdue pharma" Discussed on AP News

"The $23000000 campaign is part of Purdue pharma's bankruptcy proceedings it's trying to resolve close to 3000 lawsuit over the company's role in the opioid crisis online ads direct people to a website where claims can be made other versions of the ad will be seen later through various media to let people know they have until the end of June to file claims Purdue has proposed a settlement that could be worth more than $10000000000 over time produce stop making oxycontin 2 years ago the heart of the lawsuit is the company promoted its drugs to doctors especially in misleading ways downplaying risks and overstating benefits I'm at Donahue

Purdue pharma Purdue Donahue $10000000000 $23000000 2 years
"purdue pharma" Discussed on Knowledge@Wharton

Knowledge@Wharton

14:59 min | 1 year ago

"purdue pharma" Discussed on Knowledge@Wharton

"Purdue Pharma Company that made billions of dollars selling the prescription Painkiller oxycontin filed for chapter eleven bankruptcy protection earlier this week. The move came days after the company reached a tentative settlement with numerous state and local governments over the impact opioids have had in recent years some states have rejected the settlement settlement and are continuing legal proceedings against the sackler family who owns purdue. Pharma various reports say the settlement is between ten and twelve billion dollars with three billion billion coming from the sackler themselves but some feel that the sackler whose net worth Forbes estimates to be thirteen billion dollars back in two thousand sixteen. Maybe getting off easy more than forty seven thousand deaths were attributed to opioids in each of the last two years according to the US Centers for Disease Control and Prevention and had it remains a top crisis for many communities with more on this. We're joined on the phone by Jonathan Lipson who's holds the cone share and his professor at the Beasley School of law a Temple University and also joining US Lindsey Simon Assistant Professor at the University of Georgia Law School Jonathan Lindsey. Thank you both for your time today. Okay thank you. Thank you thank you so Jonathan. I guess kind of lay out some of the groundwork here as to what we will probably see with that chapter eleven being filed sure well the first thing I think that is top of mind for almost everybody who's focused on all. All of these cases is the effect of the automatic. Stay when Purdue Pharma a file for bankruptcy eleven twenty two on Sunday evening a an injunction a nationwide injunction went into effect halting all litigation against the company at least in theory for the non settling plaintiffs the state attorneys general and others who are suing Purdue Pharma that's obviously a problem because they would like to continue their lawsuits outside of bankruptcy against purdue and presumably the Sackler of course the company's view is that I think they they shouldn't be permitted to do this that they should come back into. They should be forced to come into the bankruptcy estate so they're going to fight about the the application application of the stay to these government actors and they're going to be about the application of the stay to WHO to protect the sackler who themselves are not debtors in bankruptcy so presumptively are not entitled to the same protection that the company is Lindsay. What do you see as the as the impact of this yourself of of all of this occurring at this point and the chapter eleven. I think it's long been in the news that a chapter eleven was at least part of the potential plan for resolving pretty farmers issues. I think the fact that it's happened now. quite near an upcoming trial is a again and not a surprise anybody but I think the fact that we are in chapter. Eleven changes the momentum. It changes the incentive structure. It shifts a lot of power in to produce these court because again the veteran bankruptcy is the master of their case and while there's a lot of approval that has to happen for things to go forward. They control the narrative at this point and so you know. I I agree the issue surrounding the automatic. Stay whether parallel litigation. We'll be joined is a threshold issue. That's very important but all the while in the backdrop. It's an ongoing negotiation. Obviously they're settling parties in their non-settling parties but the terms of the settlement is going to continue to shift over the course of the bankruptcy and that's a feature of the bankruptcy process not that's by design that that will continue to occur and Lindsey. I've read a couple of reports that say and the twelve billion dollar number that has been thrown out there in terms of the settlement. There's also been some reporting that that number may even have the opportunity to go lower than that twelve billion dollars and I think that's a concern for for a lot of people that are that are watching this from the outside well. I'll say I think based on what I've seen reported. Obviously none of us have seen the terms of the settlement and that's probably because it's still still being adjusted and negotiated behind the scenes. I don't think anyone expects it to be twelve billion dollars in cash. I think the a lot of evaluations it's been reported comes from the public goodwill value of giving away drugs and not to say that that's not valuable but the new company is going to still have to pay the manufacture those drugs so numbers and evaluations are going to drop significantly in terms of actual dollars in the bank to be distributed Java yeah I any part of what's interesting about this case is that I think Davis Polk lawyers for the for the debtor for the company are doing their best to try to make this look like a garden variety variety mass tort bankruptcy and there have been many of those really since Manville H. Robbins created the template for using chapter eleven to try to manage edge mass tort liability companies have been funding trusts or other mechanisms with their shares in order to satisfy hi creditors claims as and when they are determined in amount and that is I think at at heart the structure of what purdue is going to try try to do here. what's different of course is that you have state actors governmental actors in there's plaintiffs and they are at least going to take the position that they should be treated differently front end of the case and so for example. They're not settling now and they will undoubtedly totally say that. They're not obligated settle because the there's an exception under the bankruptcy code from this day folks governmental entities that are enforcing using their police are regulatory powers. not sure who wins that argument. I suspect they ultimately will come into the process. I think they will be forced in one way or the other and then the question action will be what happens in the plan. you know certainly there will be lots and lots of negotiation and right now. I think everybody is simply jockeying for a position and trying to exert as much leverage as they possibly can for the non-settling creditors. Staying out of bankruptcy is is probably the best strategy that they can employ Lindsey. I think also also a lot of people are are are wondering what is going to be the status of Purdue Pharma itself of the company steelers the CEO the currency. Yeo said that the best way to battle the OPIOID crisis is for the company to stay open and again. I've seen the debtor in his pleadings. We'll suggest that all of the assets and basically the core purdue Pharma is going to be created into this new entity that is serving a purpose rather than a for profit purpose. We haven't seen the contours scores of that because the plan is an affiliate but assuming the company exists in that structure. There's some intuitive appeal to the fact that alive the company continues chew bringing proceeds that can continue to fund the various initiatives of trust that being said. I think it's very clear that part of the concern with this company continuing to do Business Nisa that profiting off of continuing opiate sales is going to help pay off the previous harm so this hearkens to the tobacco cases where continuing tobacco sales helped pay. Hey for the settling amounts to tobacco Clayton so if I if I can jump in here I think I could be wrong but I believe that purdue has said that there are not going to continue to manufacture opioid and in fact I think they're seeking an injunction from judge drain in New York sort of imposing on themselves you know the the restraint the of an injunction prohibiting them from doing that and I think so so whatever they're going to be selling I think we'll be something else and I don't know enough enough about the businesses because they're private to know exactly what they would plan to do in the future but I think the idea is that you know like Manville and you know every asbestos company you know in history. They're going to continue operations in order to fund whatever path there are right and and I think Lindsay going off of a point. You were mentioning a second ago. Whatever trust would be set up. I think the expectation of of a lot of the the attorneys general that are involved in this and probably a lot of people that have been impacted this is that whatever benefit there comes from the trust each should be put back into some form of treating reading the the crisis that is that is across America right now and I think I think especially as evidence that the first day hearing yesterday as carefully we put out an all the pleadings the debtors representatives. They're making very clear that that's the approach here. They are doing everything at least at this point from public facing perspective perspective to show that that's the goal so that you know again. Everyone said well. Let's let's not focus on the past. Let's focus on the other hand. Let's focus on what we're doing today to move forward and make things right and whether you believe that that's the right approach or not. I think everything we've seen so far is consistent with trying to make sure the prophets do Goto. Hugh funds those things so Jonathan. How do we distinguish the role in this of purdue Pharma in comparison with the sackler family and the profits fits that they have taken out of the company and put into into various locations around the world. let me let me. I'm happy to answer that in conjunction with responding there's something that Lindsey just said I think she has said well. You Know Council and other representatives for the company they are trying to you know act in the the public interest and that in fact is the goal of the settlement and the goal of the chapter eleven reorganization process maybe right. I think that is certainly possible however her I think it is well worth considering the fact that the sack lers themselves are probably going to view themselves as being beneficiaries of this process if it takes form in certain ways and so so you know for example extending the state of protects them from Litigation Gatien would be an enormous benefit and it's going to be a difficult question for judge drain to answer in this case because the sackler is are not like the ordinary third parties who get the benefit of a stay for a bunch of reasons including the fact that typically when we do that we do it because the you know the the the beneficiaries raise our managers directors officers responsible for reorganizing the company here the Santa Claus said were out and so while it is true. They're putting three billion dollars in or whatever we don't know exactly what they're putting in you know it's also true that the states that are not settling may think that they have have the ability to recover for more than that through a litigated process outside of bankruptcy from this actors and if that's the case then you know obviously the sackler it is very important to protecting this actors in addition to advancing whatever public schools on the company may not have in mind as is you both mentioned we still have the. Ohio case kind of looming at this point. Lindsey and I think a lot of people are wondering how all of this could have some impact patch on on what's going on or what will be going on out in Ohio in courtroom. I think the fact that purdue has now filed and has settled with is my understanding the plaintiffs in the NBA oh I think it removes purdue from that conversation separate apart from whether they're already ongoing several issues but I mean the other defendants winced these defendants in the opioid how they are settling leading up to his trial date. I think that's what judge pollster had in mind. I don't know perhaps this removes one more a big player from the table until everyone's still remaining in that trial will be looking around and evaluating their options as well yeah. I think I think that's right. I think that there are a a couple of of of twists here though think about the first is that Oklahoma just got you know half a billion dollars at trial before a judge uh-huh right and so if I am the Attorney General of say Pennsylvania Right I'm might find it difficult to capitulate to the settlement that is on the table because you know when I run next for reelection people are going to ask her why did you why did you not go under you know Oklahoma's just gotten and a half million dollars these are elected officials and they are sensitive to that stuff and of course I think they are dealing with a massive public health crisis so so it's GonNa be she's going to be tough for for them to stay out and you know I don't know anything in particular about the Sacco's but certainly in the media they are not portrayed as the world's most sympathetic defendants defendants and you know having transfer two billion dollars. Apparently you know about ten years ago to a Swiss bank accounts. You know it may or may not be recoverable in bankruptcy probably it's not but who knows but you know like. I don't want to be a defendant. If I'm the Sackler I very much want the bankruptcy process process to protect me if I can well and even the Oklahoma case I think becomes important as you said for for some of the other states attorney general or state attorneys general excuse me because there's an estimation that that half a billion dollars may have been less than what they probably should have gotten in that settlement settlement because of how vast this this problem is around the country. This crisis is and not only just how much money and finance has been lost by people and and by companies up to this point but how much more is going to have to be paid out to be able to correct a lot of these problems right which raises two other other issues. I is that bankruptcy see you know is certainly an invitation to negotiation as Senator Warren says Anwr casebook but it also process for very rapidly determining the amount of UN- you know on liquidated claims right so all these you know plaintiffs right now the states they a. We don't know how much they're owed. That's why they're going to trial. They may not be anything but bankruptcy would significantly expedite that and it's not at all difficult to imagine and purdue creating trying to create proceedings procedures that might you know not favor the the states. It's in determining the amount that they're actually oh so. I think that the you know when Lindsay says that the debtor-in-possession remains you know has a lot of power that's true and this is one of the reasons I think the other thing that's in I'm sure in the minds of of all of the observers here especially the state attorneys general whatever happens here right is going to set a certain kind of president and so others with Pharma exposure opioid exposure.

purdue Purdue Pharma Jonathan Lindsey Purdue Pharma Company Lindsay Jonathan Ohio US Centers for Disease Control Oklahoma Lindsey Simon Assistant Profes Jonathan Lipson Forbes University of Georgia Law Scho Beasley School of law professor Senator Warren steelers Yeo America
"purdue pharma" Discussed on 600 WREC

600 WREC

01:46 min | 1 year ago

"purdue pharma" Discussed on 600 WREC

"Drug maker Purdue pharma say they were jacked the terms of the deal to settle claims against the company for its role in the opioid crisis America is listening to fox news. update this is chief meteorologist Joe we sold back seventy five warm degrees again tonight and then tomorrow is Friday but it will be hot heat index for Friday right around one hundred and one degrees warm into your weekend and then some scattered shower opportunities next week get the timing on when rain could arrive to your house John good morning Memphis Friday morning beginning at four thirty. foxsports studios in Los Angeles. here's the thing there's an NFL game coming up in a bit Tampa Bay Carolina jets cornerback Sam Donald will miss Monday night's game at least do a manos jets running back lady on bell as a sore shoulder says he will play next game after his MRI today Washington running back Darius guys could miss up to eight weeks after knee surgery today there's baseball on fox TV right now the Braves are ahead to one at Philadelphia in the top of the second inning and for part of the country it's the Orioles leading one nothing in the second against rich hill and the Dodgers he'll back on the mound finally after injury wins on the road for the cubs cardinals and Milwaukee Brewers who won seven in a row brewers held on for a three two victory at Miami the saved all star Josh hater his thirty first Milwaukee in the cubs each still four games back in the first place cardinals in the NL central show Hey tidy the angels will have knee surgery tomorrow USA basketball lost the consolation game to Serbia. hi this is Lauren chose which has.

cardinals Lauren Serbia. USA NL Josh Darius Tampa Bay Carolina NFL John fox cubs Milwaukee Miami Milwaukee Brewers Purdue pharma Dodgers Orioles Philadelphia Braves
"purdue pharma" Discussed on WTVN

WTVN

02:00 min | 1 year ago

"purdue pharma" Discussed on WTVN

"Maker Purdue pharma is in settlement talks over hundreds of opioid lawsuit do farmers emailed a statement saying well it's prepared to defend itself vigorously units words it sees little good coming from years of wasteful litigation and appeals it says the people and communities affected by the opioid crisis need help now produce as a constructive global resolution is the best path forward that's working with state attorneys general and other plaintiffs to make that happen A. B. C.'s sexy written in New York sixteen women who say they survived sex abuse at the hands of Jeffrey Epstein testified in a federal courtroom about his alleged crimes in his death by suicide in Manhattan jail a judge called the extra for the extraordinary hearing after federal prosecutors asked that the indictment be thrown out overstep you're listening to ABC news news radio six ten WTVN Alison Wyant to wrongful death lawsuits against Mount Carmel health system involving former doctor Williams you still have been settled now for a total of nearly nine million dollars they were reach with the families of Donald McClelland and Rebecca walls who were just two of the about thirty overdose deaths involving doctor Hughes so from twenty fifteen to twenty eighteen a record number of passengers are set to hop a flight this Labor Day weekend to mark the unofficial end of summer a report from the trade group airlines for America anticipates seventeen and a half million people in fact will take to the skies Tripoli's Kimberly Schwinn tells us that it's the last chance for people to squeeze in a summer vacation work friends that were staying at the growth in creating a growth in European vacation working and growth and travel packages so that basically any destination that you're going to have more than one element to it and this fall is quickly approaching blue bell ice cream is releasing a couple of their new fall flavors including salted caramel cookie ice cream and happy tracks of an L. ice cream with dark chocolate fudge swirl and chocolate coated peanut butter cups meanwhile the Ohio State University is rolling out a slew of their new food options for their football season they're offering a preview of their.

Kimberly Schwinn doctor Williams Mount Carmel Alison Wyant ABC news Manhattan New York Ohio State University Purdue pharma Tripoli America doctor Hughes Rebecca Donald McClelland Jeffrey Epstein A. B. C. nine million dollars
"purdue pharma" Discussed on KLBJ 590AM

KLBJ 590AM

01:53 min | 2 years ago

"purdue pharma" Discussed on KLBJ 590AM

"Well as the US gets ready to put new tariffs on Mexico, trying to get that country to do more to stop the surge of Central American migrants coming, here, the trade dispute with China remains unresolved and secretary of state Pompeo is trying to get support from a European ally. Securing America Garriga news conference with Dutch. Foreign minister Steph block in the Hague secretary peyot said the US is looking to level the playing field. If we do that, both the Netherlands, United States will continue to be successful economic countries. Bach maintain the levees, damaging Cindy interest over. Nobody having terrorist make trade more difficult or more expensive. China's slap retaliatory tariffs on tens of billions of dollars worth of imports in Washington. Rachel Sutherland, Fox News, drugmakers, under a lot of scrutiny in the opioid epidemic of deadly of or doses. Purdue pharma being sued by another state months after. A two hundred seventy million dollars. Settlement with Oklahoma, California joins about a dozen other states suing Purdue pharma, and its former leader, Richard Sackler state attorney general havi or pesetas says longstanding intend to push highly addictive drugs to the public is the basis of the state's claim that Purdue pharma knew as early as the nineteen nineties, that one of their drugs. Oxycontin? Was among the most abused opioids in the country. Purdue pharma denies California's allegations saying they'll fight the attacks. They call misleading main. Also sued the drugmaker today, saying it used to septa business practices in their state Grenell. Scott, Fox News. On Wall Street stocks could arise. Dow futures up over one hundred and for gain four points. The NASDAQ plunged one twenty one point six percent drop trading also mixed markets overseas. The battle for hockey Stanley Cup is all even the Saint Louis blues game for the NHL Cup final beating the Boston.

Purdue pharma United States Fox News China California Rachel Sutherland Pompeo America Mexico secretary Steph block NHL Richard Sackler Bach Washington Cindy
"purdue pharma" Discussed on KTOK

KTOK

02:03 min | 2 years ago

"purdue pharma" Discussed on KTOK

"We were endless hours to make sure that when we delivered to you. As fact it's a fact Shepard Smith on Fox News channel real news. Real, honest, opinion. As the US gets ready to put new tariffs on Mexico, trying to get that country to do more to stop the surge of Central American migrants coming, here, the trade dispute with China remains unresolved and secretary of state Pompeo is trying to get support from a European ally. Securing America Dariga news conference with Dutch. Foreign minister Steph block in the Hague secretary peyot said the US is looking to level the playing field. If we do that, both the United States will continue to be a successful economic countries. Block maintain the levees are damaging Indian interest over nobody having tariffs. Make a trait more difficult or more expensive. China's slap retaliatory tariffs on tens of billions of dollars worth of US imports in Washington. Rachel Sutherland, Fox News, or the drug makers are a lot of scrutiny in the opioid epidemic of deadly of or doses. Purdue pharma being sued by yet, another state months after a two hundred seventy million dollar settlement with Oklahoma, California joins about a dozen other states suing Purdue pharma, and its former leader, Richard Sackler state. Attorney general heavier Pasera says longstanding intend to push highly addictive drugs to the public is the basis of the state's claim that Purdue pharma knew as early as the nineteen nineties, that one of their drugs. Oxycontin? Was among the most abused opioids in the country for do form of denies California's allegation saying, they'll fight the attacks. They call misleading main also sued the drug maker today, saying it used to septa business practices in their state, Grenell, Scott, Fox News. Wall Street, stocks could rise. Dow futures up over one hundred day for gained four points. But the NASDAQ plunged one twenty at one point six percent drop trading also mixed markets overseas. The battle for hockey Stanley Cup is all even the Saint Louis blues to game for the NHL Cup final beating.

Purdue pharma Fox News United States Steph block China Shepard Smith Rachel Sutherland California secretary NHL Pompeo America Mexico Washington Saint Louis peyot
"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

04:39 min | 2 years ago

"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

"But when you first read about, you know, the the existence of this this project or this idea, what was your first thought. When my initial thought was better that they sell those drugs perhaps right or sell those drugs? In addition. You know, I think sort of just to comment on on the produce statement there, you know, kind of legal rope adoped of oh, we're only responsible for two percent of this. That may be today. I think as attorney general pointed out they wanted to be as responsible for as much opioid use in the medical sector as you mainly possible when they launched Oxycontin, and I think it's imperative to remember that this company lied it. Lied to doctors it lied to patients. And while there has not been evidence produced to date that the Sackler signed off on those lies there or that they were necessarily aware of those lies. It's somewhat difficult to conceive of. Situation where they were not aware of the material that was being used to promote Oxycontin, the legal actions that were being used to promote Oxycontin because according to attorney general's complete. They were micromanaging the company. So why aren't they micro-managing it back in the early two thousands when the company was flagrantly violating federal law. Okay. So so attorney general Healy limitation back to you on this. Because this is something I want to explore with you as we were mentioning earlier in the hour into thousand seven as you well know, Purdue pharma reached an agreement with the federal government with department of Justice for six hundred and thirty million dollar settlements about potential criminal allegations, not only for Purdue pharma, but individual executives as well. Part of that agreement included a corporate integrity agreement. I mean produced pointing to this in its own statement in response to your lawsuit now. So basically what produce saying, hey, look between two thousand seven to two thousand twelve. We as a company had to regularly file reports with the office of the inspector general about our business. Practice annual reports to have designated monitor they engage an independent review that's about specific elements of produce compliance program with the agreement they reach with the federal government. So Purdue here is basically saying they have been closely monitored by government organizations for years now. So it's ludicrous to think that the federal government would miss all that you have allegedly on earth in your complaint that there's no bad business practice here. The feds watching over them. Well, I I just wanna be clear. This isn't an active fiction when we put together a complaint is based on actual documents emails board memo's presentations, marketing materials, and the like much of our complaint lays out the story of what happened since that conviction in two thousand seven and it is what we allege is. It is clear from the documents and the evidence that this company continued its. Bad practices. The Sackler family was directly involved in sales and marketing efforts and continued to as was noted reap four billion dollars in revenue from the sale of Perdue opiates after that agreement was signed. So what is important to me as I sit with and cry with so many families here in Massachusetts affected by this is that the facts come to light. And we get Justice and accountability that something that didn't happen in two thousand seven this conduct continued, and we will continue to be aggressive in getting to the truth. That's what's important here. But attorney general he'll if I can just press you here for a second. I'm looking at the dates are really important here you use out clearly in the complaint that you're looking at a produce actions in Massachusetts after two thousand seven and again produce saying, we'll look between two thousand seven and two thousand twelve they had been submitting these these reports to the department of health and human services about their business. Practice about. There about their excuse me their sales and business practice. So are you saying that the federal government may have missed something here? Well, I'm not gonna comment on that. And I don't know all of what the federal government was looking at what I do know is what we've been looking at the last three years of our investigation. And what I do know is that produce own documents from two thousand seven four les les bear what transpired here in terms of its sales and marketing practices. I mean at one point in two thousand twelve and internal employee..

federal government attorney Purdue pharma Purdue Massachusetts general Healy department of Justice Perdue department of health thirty million dollar four billion dollars three years two percent
"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

03:54 min | 2 years ago

"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

"Briefly walk us through Christine, and that is this project that's called project Tango. What is that? What is Purdue alleged to have considered project? Tango is a program or marketing scheme that they developed or contemplating it, basically what's happening is publicly Purdue pharma was saying are drugs or not addictive at all. There's no problem. They're incredibly safe, but internally through the documents showing that that they are addictive, and what they realize this let's profit off of that as well in so calf Sackler, she was one of the board members at the time. She devised the secret plan called project Tango in which Purdue pharma actually would provide drugs to help those addicted of their own medications end to end pain providers, yet call it allegedly in the document and the statistics are pretty staggering to internally they predicted that up to sixty percent of the patients that would try this drug suboxone for the first time would actually relapse. Again, which means more revenue, right? So so Purdue considered getting into the suboxone market the Narcan market as well. Attorney general Healy though to be clear as you say in your complaint, they never they never actually launched these programs. They didn't get into the pain the the addiction treatment business, they considered it. So why did you put it in the complaint? Well, I think it's it's actually very important for few reasons, I this is two thousand fourteen when cath Sackler is having some of these conversations in our complaint, we actually provide excerpts from the actual memo and presentation made to the board in two thousand fourteen that does a couple of things one it acknowledges that the number the quote market their words of people addicted to opioids head for example, doubled from two thousand nine to twenty fourteen they knew exactly what was happening out there. It also is an acknowledgement in their own words that opioids and opioid addiction or quote naturally linked. And here which they had denied beforehand precisely and it is a further indication of the mentality of executives and board members in this company to think about not only do you create a market for opioids and lay the groundwork for opioid addiction since two thousand seven seventy million doses of Oxycontin in Massachusetts alone of opioids Purdue opiates in Massachusetts alone a hundred and fifty thousand doctor visits it costs the state of Massachusetts in its residents. Fifteen billion dollars a year last year alone this opioid epidemic, a huge problem, but they at that point twenty fourteen head devised way to make money on both ends both. You know on the front end. We're a whole bunch of people end up addicted sick and dying every day continuing in the state and on the back end, let's provide a market for Narcan to reverse overdoses in for opioid addiction treatment that was their marketing material why they decided not to go through with it. At that point. We'll learn more about. But again, the allegations we make are based on the millions of pages of documents received to date from the company. Yeah. So again, just to be clear they did not go through with this plan. They had considered on multiple occasions though. And I mean, I was quite struck by something that you allege in the complaint that that it was a point in time in which produced pharma internally acknowledged the addictive nature of of opioid painkillers, and you quote from from a patient and clinical rationale here that we're produce actually saying this can happen to anyone this being addiction from fifty year old woman with chronic lower back pain. I'm thinking of our caller barrier. Just a second or Bob to an eighteen year old boy with sports injury from the very wealthy to the very poor berry Meyer jump back in here. Again, a project Tango did not go forward..

Purdue Purdue pharma Sackler Narcan Massachusetts cath Sackler Christine painkillers Attorney general Healy berry Meyer Bob Fifteen billion dollars eighteen year sixty percent fifty year
"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

03:55 min | 2 years ago

"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

"Angie? Thomas went from church secretary to bestselling author with her book, the hate you. Give dang I just can't come out the house. Now, look any kind of way somebody Thomas was in Kroger in her robe what? She tells me what's in book number two this week on it's been a minute from NPR. This is on point magneto body. We're talking this hour about Purdue pharma, the Sackler family that owns Purdue pharma, and what its role is what their role is allegedly in spreading Oxycontin around the United States and the opioid addiction crisis. And we're talking about that. Because just at the end of last week, we obtained a fully or it was released a fully unredacted version of a major complaint that was filed by the Massachusetts attorney general against Purdue pharma, and the Sackler family, and again, for broader context, it's one of at least thirty five states that is suing Purdue pharma for it sales tactics around Oxycontin, I'm joined this hour by Christine Wilmsen. She's senior investigative editor reporter here WB. You are Barry Myers. Also with us. He's author of painkiller an empire of deceit and the origin of America's opioid epidemic and Massachusetts attorney general Maura Healey is also with us this hour as well. And let me just go to a quick. It call here. Let's go to will who's calling from Miami. Florida. Will you're on the air. Hi, I went through school nursing school in the late nineteen ninety s and we were called that Oxycontin dangerous drug that figure lifting one percent with repeated over and over and over. So whenever the patient was in paint. We thought nothing given the patient there do medication without fighting possibility of perhaps, you know, given them a Tylenol or or perhaps why would you do that? If you could take care of some some someone's pain immediately. You know, so we've on nothing of it. It will be a quick question. When you we'll we'll start starting up. But when you were nursing school as you're seeing in the late nineteen ninety s did you hear this phrase about pseudo addiction? That is correct. Yes. Okay. We we would call don't worry about it. It was that happen. It happens to less than one percent ale. I personally believe it. You know, if lectures common tell you, you know, that there's a one percent of your patients going to become addicted to drugs, you tend to believe what you're told. Yeah. Well, we'll thank you so much for your call in. I mentioned pseudo addiction here because not just in this Massachusetts complaint, but previously we'd heard about allegations at Purdue urge doctors to respond by increasing. The opioid toys does for certain patients when they showed signs of addiction that basically there's this notion that patients were suffering from pseudo-dictator. It wasn't real what they needed was more help and more Oxycontin, so Christine Williams, and let me just bring you back in here into the conversation. You've been very patient the patiently listening. I mean, how you respond to what our caller will set or what the attorney general has been telling us. Well, one of the things to keep in mind is that? That there was a very deliberate on the Sackler part to develop schemes that targeted doctors institutions as well. So this person that was going through nursing school would have heard the statistics of less than one percent that was probably repeated in a lot of medical institutions throughout the two thousands. And in fact, I mean, they had a very big impact in the Boston area. They gave money to Tufts University they gave three million dollars to Mass General to develop a pain clinic, they're all with the idea of making more money and having somebody with a good a good image such as Mass General to promote their drugs and to be clear the Tufts University money went to the founding of degree program in pain management. Absolutely, okay. Now, there's one more part of the of the the complaint here. Now that we have the full on redacted complaint that I want you to just.

Purdue pharma Massachusetts attorney Christine Wilmsen Barry Myers Thomas Maura Healey Tufts University Christine Williams Kroger NPR Angie United States secretary Boston Miami Florida America editor
"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

04:23 min | 2 years ago

"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

"Wherever you listen to podcasts. This is on point Meghna Chalker bardy. We're talking this hour about what's re- been. Revealed in the fully unredacted complaint. That's been filed by the Massachusetts attorney general against Oxycontin maker Purdue pharma, an individual members of the family that founded in owns the company the Sackler family. I'm joined today by Barry Meyer. He's a former New York Times reporter who has covered produced farmers since two thousand one he's also author of painkiller an empire of deceit and the origin of America's opioid epidemic. Christine Wilmsen also joins us. She senior investigative editor. And reporter here at our home station of WB, you are and a little bit later this hour, we're expecting the Massachusetts attorney general to join us directly. And I want want to once again mention that we did invite Purdue pharma to join us as well. And they declined so Christine pick up on the thought that you had you're sharing with us before the break here that there are some very revealing numbers about the the breath and the extent to which Purdue pharma may direct contact with physicians in Massachusetts. And and I presume that it was a pattern. That they also used elsewhere in other states here tells more about those numbers, and why are they significant? Well, a lot of times they develop these programs or tactics to increase sales. So one of them was called region zero and region zero was Purdue pharma started seeing some other sales slipping a bit not as much as they wanted. So they created this project or region zero in which they focused on the highest pain doctors, the ones that were giving them the most prescriptions, and they doubled down with them so sales reps increased their visits to the doctors that already potentially were abusing the drug is I over prescribing it so that was one of the tactics in that really paid off for them will so regarding region zero the complaint alleges that that Purdue pharma no-one had more information than Purdue pharma itself, but who may be over prescribing Oxycontin, right? And there's an example here they have in two thousand nine the complaint alleges that have produced sales manager had emailed, then see. EEO that a certain doctor might have been running what amounted to quote, an organized drug ring a pill mill, but that they did not the company didn't report the information to the DA or state authorities for more than two years until after that doctor had been arrested. Yeah, there's several examples like that in the complaint. There's also one where a sales rep reports that he or she believes that this physician might be over prescribing because there was lawn chairs around the street corner with people in line getting the Oxycontin. But a lot of times these warnings were never reported, which they're required by law. They were never reported. And so these doctors kept prescribing and the complaint alleges some of those prescriptions led to the death of people in Massachusetts. Yes. Oh, berry Meyer in terms of the aggressiveness that pretty pharma sales reps of visited doctors here. I'm seeing you know parts of the report saying that, for example, a Purdue sales rep visited a doctor particular, doc. Massachusetts more than six hundred times. The rep was in his office almost every workday. They'd meet on Monday to discuss patients who would be coming in that day. And then on Tuesday, the sales rep would go back to confirm that the doctor had those patients on Purdue opioids. This story. The the aggressive marketing of Oxycontin, the aggressive marketing of Oxycontin to doctors who were over prescribers or running pill mills goes back to the early two thousands. It was going on. I took trips to South Carolina Georgia there were pill mills operating there. There were doctors there that were being serviced by Purdue pharma representatives who subsequently went to prison. I think it's instructive to know that this system of knowing what doctors prescribed it's called the IMF system where we're prescription information is captured was developed by Arthur Sackler, one of the three Sackler brothers who founded Purdue Frederick the forerunner to do pharma. So they were masters at this. They were mastered drug marketers mastered, drug advertisers..

Purdue pharma Massachusetts Barry Meyer Purdue Christine Wilmsen Purdue Frederick Meghna Chalker bardy Arthur Sackler Sackler family sales manager attorney New York Times EEO berry Meyer IMF editor South Carolina America Georgia two years
"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

03:51 min | 2 years ago

"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

"Unfortunately, a lot of the previous litigation was settled the documents were sealed I was fortunate enough to get a voluminous report that that the Justice department had done back in two thousand and six when they're about to prosecute top executives of producer for felonies. And without those documents show is at the Sackler is were aware allegedly aware that this drug was being abused was being abused much earlier than the company reported they'd gotten field reports from sales reps Purdue through the years has gone to great lengths to create. What apparently now is a myth that the Sackler were not involved with this companies that they were some benevolent people who took the money from legitimate drug sales and bestowed on museums and medical schools and so forth. At one point in time Purdue even put out a statement saying that the Sackler held, quote, no management positions, ROY totally apparently untrue. Like many statements for do has made over the years. In fact, as Christine was saying, they were definitely involved. They were deeply involved. They were micromanaging the operations they were giving up the prophet. So you know, this wall that Purdue has spent tens of millions of on to create this public relations Mirage is starting to fall apart. And we're now starting to glimpse the truth, and no so Christine, there's so many parts here that we spend quite a bit of time talking about just want to highlight another one. So for example, the Massachusetts complaint alleges that around two thousand seven the Sackler and two thousand seven zero critical date here, and we'll talk a little bit more about why that is. But that the Sackler is wanted to separate themselves from the mounting legal risks that came with their business selling Oxy con. John and the complaint suggests that there are emails that say that they wanted to hire a loyal CEO or perhaps even sell the company, and if they couldn't sell the company begin taking profits out and and paying the family directly now from two thousand seven to roughly two thousand eighteen the complaint says it outlines a figure a number about how much in payouts of Purdue Purdue profits went to the Sackler family. What's that that total number total dollars? You remember? Yeah. It's pretty astonishing four billion dollars with a B each quarter. They would get tens of millions of dollars at told us up to four billion dollars. These are members of the board. Right. They're controlling members of the board making the decision to draw the prophets out and pay the family directly. Well, and keep in mind repeatedly. They said it still wasn't enough. There was all this pressure that they weren't meeting expectations some of the sales reps. And so they wanted even more. Than that. And vice a couple other plans to make sure that they increase their sales. I should say clearly that we did reach out to Purdue pharma and record it representatives of the Sackler family and asked them to join us this hour, they declined they pointed us back to a statement that they released on January thirty first so just last week and berry Meyer in that statement, Purdue pharma says Massachusetts seeks to publicly vilify Purdue it's executives employees and directors while unfairly undermining the important work. We have taken to address the opioid addiction crisis by taking out of context snippets from tens of millions of documents and grossly distorting their meaning the complaint is riddled with demonstrably inaccurate allegations. Does Purdue have a point there? I mean, we're talking about a major company whose communications over many years does. Amount to tens of millions of documents. They're saying that Moore. Healy the admixtures attorney general is crafting a a fiction that serves her aunt her needs. What do you think?.

Purdue Sackler Purdue Purdue Purdue pharma Christine Massachusetts Justice department producer ROY Healy Moore Oxy John CEO attorney berry Meyer four billion dollars
"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

03:24 min | 2 years ago

"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

"Dot org. He's also author of the book painkiller an empire of deceit and the origin of America's opioid epidemic. Barry Meyer, it's good to talk with you again. Thank you, make no though, you're interruption makes me feel very old or let's just say persistent and following a very important story in. A American history and in the lives of millions of Americans. So so Christine lemme I start with you here because as of late last week, we finally obtained a fully unredacted copy of this complaint that was filed by the Massachusetts attorney general against Purdue pharma, an individual members of the Sackler family. So all of its there in they're in its multi hundred pages. What are some of the most striking things we now know about what Massachusetts is alleging individual members of the Sackler family are said to have done or contributed to regarding the opioid epidemic. The lawsuit really eliminates details of eat particular Sackler family, how they were involved in how they may decisions. There's least I think seventeen current and former executives as well as the Sackler 's that are named in this suit, and what the suit alleges is that each family member was intimately involved in the decision. Some more board members some played active roles in making sure they develop. Plans to target the vulnerable to increase the of strength of Oxycontin, as well as to bribe even doctors to prescribe even more of Oxycontin, one of the biggest people mentioned in this document is Richard Sackler. He is the former chairman and CEO of Purdue pharma the documents show how obsessed he was was sales. How much he couldn't let go of determining how much each sales rep was making so repeatedly he would get weekly reports on what doctors were the top sellers. What sells reps were doing. In fact, he didn't think that people were making enough money that he even went out with sales reps and went door to door encouraging to sell even more of the Oxycontin, right ended the depth of his alleged involve involvement here, and I'm gonna say alleged over and over again because information out of a complaint from the Massachusetts attorney general I mean, there's parts of it as you're mentioning that that alleged he even wanted to go out. On sales visits to be sure. That or at least get a sense of about whether or not Purdue pharma sales reps were pushing those higher doses of Oxycontin in in in satisfactory ways. Yeah, he was really wanting to be involved in. I think there was some nervousness on the part of other people internally at Purdue pharma like wait a second. We got to be careful with what he's gonna say. But ultimately, he was constantly pressuring the sales reps divisions, including Boston's he he felt like people aren't making the cut and some of his regional sales directors even threatened to start firing some of these cells reps because they weren't making the cut as far as how many prescriptions were being written by doctors. Okay. So Barry Meyer. You have been falling the story for years is there anything new that stands out to you. In terms of what the messages attorney attorney general's alleging in her complaint. Yes, there are couple of things that are striking. But let me just put them into context. And that is that we. A law about what produce doing? We should have known more about what Purdue and the Sackler were doing..

Purdue pharma Sackler Barry Meyer Richard Sackler chairman and CEO attorney Massachusetts Purdue America Boston Christine lem
"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

On Point with Tom Ashbrook | Podcasts

01:43 min | 2 years ago

"purdue pharma" Discussed on On Point with Tom Ashbrook | Podcasts

"From WB. You are Boston and NPR, I'm Meghna Chakrabarti. And this is on point for twenty years. Purdue pharma has been at the center of our national conversation about opioid addiction founded and controlled by the Sackler family. The pharmaceutical giant slabs flagship product Oxycontin is the focus of hundreds of lawsuits in dozens of states. It's taken a personal toll as renowned photographer. Nan Goldin told WB you are having been addicted toxic content. I have a personal vendetta against the secretaries. Because I know how hard they worked to get this drug out there. How hard they sold it like any good drug dealers. And as mentioned there are more than thirty five states suing Purdue pharma, the latest suit comes from Massachusetts where the state's attorney general alleges through emails and company documents that members of the Sackler family personally and directly pushed sales reps to mislead doctors. Steer patients to higher dose. Ages and pocket prophets in the billions of dollars. Now. Purdue pharma calls the complaint, a baseless, quote vilification of the Sackler lers, but this hour on point we'll take a closer look at what's alleged and revealed in the latest lawsuit against Purdue pharma, the Sackler family and allegations that they fueled America's opioid crisis. And you can join us have you been affected by the opioid crisis. Did you get hooked on them through taking Oxycontin should produce pharma and the Sackler family be held accountable and how or is this simply one particularly egregious example of behavior that's common across the US pharmaceutical industry. Join us anytime on point radio dot org or Twitter and Facebook on point radio..

Purdue pharma Sackler family Sackler lers WB Nan Goldin Meghna Chakrabarti Boston NPR Twitter US Massachusetts Facebook attorney America twenty years
"purdue pharma" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

01:47 min | 3 years ago

"purdue pharma" Discussed on WNYC 93.9 FM

"The fact of today purdue pharma is no longer promoting its blockbuster painkiller oxycontin to doctors in an open letter the company has said it is doing more to fight the opioid crisis the letter concludes this is our fight to purdue faces lots of fights states and cities across the us have sued the drug company for contributing to the addiction epidemic sam can yoenis has reported on purdue pharma for years he's author of the book dreamland the true tale of america's opioid epidemic welcome thanks for heavenly purdue pharma ustr market oxycontin really aggressively spin less of that recently what exactly is the change that starting today my impression is that they are simply not going to be promoting at the doctors at all they have been promoting it as a reasonable painkiller and my impression is now that they will be ceasing that which would be a big step for them considering that i think it's one of the few drugs they actually have why do you think they're doing it right now now i think they are seeing a groundswell of concern across the country in communities everywhere with because this is a problem of opioid addiction is a problem all across the country from coast to coast are also seeing of course as you mentioned dozens of lawsuits filed by a state's attorney's general by county's by towns alleging that several companies purdue foremost among them led a kind of a campaign to dupe the public into believing that their drug was not addictive and these lawsuits particularly in the last outside a year and a half of really gain steam as local entities counties and towns have seen themselves buckling under the cost of paying for the consequences of this epidemic and having done nothing to really created are looking for ways of of paying for the.

purdue pharma us america attorney purdue