April 18, 2021

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Reuters ahead on reporting Sacklers boost opioid settlement offer to $4.3 billion


Reuters was well ahead of the competition reporting that members of the Sackler family, who own Purdue Pharma LP, have offered roughly $4.3 billion to resolve sprawling opioid litigation, up from $3 billion initially proposed in settlement discussions underway in the OxyContin maker’s bankruptcy proceedings. Settlement negotiations are ongoing and no final agreement, including on how much the Sacklers will pay, has yet been reached among the family members, Purdue and U.S. communities suing over the opioid crisis.

Article Tags

Topics of Interest: Health

Type: Reuters Best

Sectors: Pharmaceuticals & Healthcare

Regions: North America

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story