March 27, 2019

Page 1

Wednesday

International Island Conference

March 27, 2019 T: 582-7800 | F: 582-7044 www.arubatoday.com

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Aruba’s ONLY English newspaper

Maker of OxyContin agrees to $270M settlement in Okla. By SEAN MURPHY and GEOFF MULVIHILL Associated Press OKLAHOMA CITY (AP) — The maker of OxyContin and the company's controlling family agreed Tuesday to pay a groundbreaking $270 million to Oklahoma to settle allegations they helped create the nation's deadly opioid crisis with their aggressive marketing of the powerful painkiller. It is the first settlement to come out of the recent coast-to-coast wave of nearly 2,000 lawsuits against Purdue Pharma that threaten to push the company into bankruptcy and have stained the name of the Sackler family, whose members rank among the world's foremost philanthropists. "The addiction crisis facing our state and nation is a clear and present danger, but we're doing something about it today," Oklahoma Attorney General Mike Hunter said. Nearly $200 million will go toward establishing a National Center for Addiction Studies and Treatment at Oklahoma State University in Tulsa, while local govern-

Oklahoma Attorney General Mike Hunter speaks about a settlement with Purdue Pharma for opioid abuse, Tuesday, March 26, 2019. Associated Press

ments will get $12.5 million. The Sacklers are responsible for $75 million of the settlement. In settling, the Stamford, Connecticut-based com-

pany denied any wrongdoing in connection with what Hunter called "this nightmarish epidemic" and "the worst public health crisis in our state and nation

we've ever seen." The deal comes two months before Oklahoma's 2017 lawsuit against Purdue Pharma and other drug companies was set to be-

come the first one in the recent barrage of litigation to go to trial. The remaining defendants still face trial May 28.

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