drugmaker News

Purdue Opioid Deal May Be Worth Less Than Drugmaker Promised

Purdue Pharma LP’s deal to escape thousands of lawsuits over its role in the U.S. opioid crisis may provide less than half the $10 billion that the closely held drugmaker projected in its Chapter 11 filing, said three people familiar …

Sacklers to Remain Billionaire Family If Purdue Settles Opioid Lawsuits

The Sackler family — once known as global philanthropists backed by a fortune made from opioids and other drugs — may lose most of their wealth if they agree to an $11.5 billion settlement to resolve lawsuits against them and …

Opioid Evangelist Switches Sides in Case Alleging Pharma Abuse

A doctor who was an early evangelist for increased use of highly addictive opioids like OxyContin to treat chronic pain — and who was paid to promote the idea — has switched sides and now says drug makers helped to …

Sackler Family Asks Judge to Toss Massachusetts Opioid Suit

The billionaire family that owns Purdue Pharma LP says Massachusetts officials can’t prove that it or other directors masterminded the alleged illegal marketing of the company’s OxyContin painkiller. Massachusetts Attorney General Maura Healey’s lawsuit, seeking to hold the Sacklers and …

Swiss Drugmaker Novartis Must Face Doctor Kickback Suit

NEW YORK — Novartis AG must face a U.S. government lawsuit accusing it of paying millions of dollars in kickbacks to doctors so they would prescribe its drugs, after a federal judge ruled in a decision released on Monday that …