A neighborhood pharmacy owner was the largest purchaser of oxycodone among retail pharmacies in the entire state of Pennsylvania by 2016 and pled guilty to charges of conspiracy and fraud.
Nearly all of the states, plus five territories and the District of Columbia, are seeking an aggregate of $2.156 trillion from the maker of the opioid painkiller OxyContin, according to documents filed in the U.S. Bankruptcy Court Monday.
The home care industry is booming. As Baby Boomers age and more families seek in-home solutions for loved ones, demand for home care services is at an all-time high.
The company filed for Chapter 11 Monday, but the move was criticized by some, particularly attorneys general in Massachusetts and Connecticut, amid reports that the Sackler family wired about $1 billion to overseas accounts.
Citing unnamed sources, news outlets reported that Purdue would be dissolved to create a new company that would sell OxyContin and use proceeds to pay plaintiffs in more than 2,000 lawsuits filed by governments nationwide.
Citing anonymous sources familiar with the matter, news outlets reported that the family would pay $3 billion toward a proposed $10-12 billion settlement to resolve the more than 2,000 lawsuits.
Reuters reported Monday that the maker of OxyContin was considering the filing so that it could negotiate claims with plaintiffs in about 2,000 lawsuits regarding the drug.
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Certain opioids could be created using yeast instead of poppies. This raises concerns with the DEA and FBI, but so far it looks like it will be a while before this is even a real option in the lab for mass production.
These numbers are pretty shocking: New findings from the Centers for Disease Control and Prevention have shown that almost a third of women, ages 15 to 55, have filled a prescription for an opioid each year from 2008 to 2012 – most commonly oxycodone, hydrocodone and codeine. The C.D.C. analyzed health insurance claims from both […]