The American drug manufacturer Purdue Pharma has filed for bankruptcy, thereby collapsing under the pressure of the 2,600 lawsuits filed against the company. The manufacturer is seen as the main protagonist and 'driver' of the opiate crisis in the United States.
The Purdue board approved the long-awaited bankruptcy petition on Sunday evening. With the bankruptcy, the company wants to restructure the cases, and proposes a settlement in all lawsuits.
Purdue proposes a settlement of around 10 to 12 billion dollars (9 to nearly 11 billion euros). However, several parties do not agree with these amounts, with which the cases do not seem to be over.
Purdue is the creator of, among other things, the highly addictive OxyContin, the painkiller that is often seen as the way the crisis started. Since 1999, at least 400,000 people have died in America from overdoses of such morphine-like painkillers.
Since the introduction of OxyContin in 1996, Purdue has raised more than $ 35 billion. The company got questions about the addictive effect of the medication from the start.
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