Tag: drug distributors

Purdue Pharma Squares Off with DOJ Over $6 Billion OxyContin Deal

Three open bottles of prescription medication.

A $6 billion deal is at stake as OxyContin maker Purdue Pharma LP and its wealthy owners clash with the U.S. Justice Department over the company’s opioid lawsuit settlement. The parties will argue in a New York courtroom on Friday over a plan to funnel billions of dollars to opioid crisis relief efforts while also… Continue reading Purdue Pharma Squares Off with DOJ Over $6 Billion OxyContin Deal

Insurers Refuse to Pick Up Tab for Billions in Opioid Claims

Opioid epidemic, painkillers and drug abuse concept with close up on a bottle of prescription drugs and hydrocodone pills falling out of it on white

A multibillion-dollar bill for the opioid epidemic in the United States is due, and insurers for some of the largest drug makers, distributors, and pharmacies are refusing to help pay for it. A January Delaware Supreme Court decision encouraged insurers eager to avoid massive policy claims from companies proposing to settle opioid liability lawsuits. In… Continue reading Insurers Refuse to Pick Up Tab for Billions in Opioid Claims