pharma
Washington (AFP) - US drugmaker Purdue Pharma filed a new bankruptcy plan that would see its founders pay an additional $1.5 billion to settle the company's role in the devastating opioid crisis. The offer made in a restructuring plan filed late on Monday was rejected by two dozen state attorneys general, who said it falls short. "We are disappointed in this plan. While it contains improvements over the proposal that Purdue announced and we rejected in September 2019, it falls short of the accountability that families and survivors deserve," the state officials said in a joint statement. Purdu...
AFP
New York (AFP) - A ex-Bloomberg journalist has revealed how she fell for a jailed former pharmaceutical executive dubbed "the most hated man in America" after covering his arrest, in a love story that gripped social media Monday. Journalist Christie Smythe told Elle magazine in an article published Sunday that she left her husband for Martin Shkreli, who is serving seven years in prison for defrauding investors. Several US media commented on the tale Monday, with some accusing her of violating journalistic ethics, and others praising her for telling her story. Shkreli, who once led Turing Pha...
AFP
Washington (AFP) - US drugmaker Purdue Pharma pleaded guilty to three criminal charges over its intense drive to push sales of the prescription opioid OxyContin, which stoked a nationwide addiction crisis, the Justice Department announced Wednesday.Purdue also agreed to $8.3 billion in fines, damages and forfeitures to settle the criminal case against it, the department said.In a separate agreement, the billionaire Sackler family, which built Purdue to a pharmaceutical giant on the back of lucrative sales of OxyContin, agreed to pay $225 million to resolve civil liability charges filed by the ...
AFP
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