Purdue Pharma considering bankruptcy, report says

Purdue Pharma

Purdue Pharma

OxyContin manufacturer Purdue Pharma is traversing lodging for bankruptcy as one of its alternative to inscribe possibly noteworthy accountability from innumerable litigations asserting the drug manufacturer the drug maker bestowed to the lethal opioid calamity comprehensive the United States a origin intimate with the issue.

The potential move shows how the pharmaceutical company is under pressure responding to mounting litigation accusing Purdue of misleading patients and doctors about the associated risk of prolonged use of its opioid substance.

The state's suit ignores the idea "the opioid-abuse crisis is a complex, multi-factorial societal issue" that can't be blamed on drug makers alone, Purdue's lawyers noted in the filing.

Purdue argues the lawsuit distorts facts, mischaracterizes internal company documents and makes oversimplified claims while attempting to cast the firm as a scapegoat for the opioid crisis.

Healey's lawsuit is among more than 1,000 by state and local governments that are pending against drug makers in connection with the opioid crisis that claimed more than 72,000 lives in 2017, according to federal statistics.

Arrow Is Ending After Season 8
Of course, his co-stars also chimed in to reflect on the show's end as well, starting with John Diggle himself, David Ramsey . I really enjoyed the first four seasons of the show, but it seemed to lose what made it special as the seasons went on.

As of 2019 not any representatives of the Sackler family are on the Purdue board of directors, albeit the family nevertheless retains the company.

Purdue Pharma is working with restructuring advisers including New York-based AlixPartners LLP, according to a source cited by TheWSJ.

Purdue Pharma also claims that Massachusetts Attorney General Maura Healey is trying to "vilify" the company and its directors with "sensational and inflammatory allegations" that are "unsupported by applicable law". "We have ample liquidity and remain committed to meeting our obligations to the patients who benefit from our medicines, our suppliers and other business partners".

In the MA case, Purdue Pharma cites statistics from the state Department of Public Health that show 89 percent of opioid-related overdose deaths "had a positive screen result for fentanyl (primarily illicitly produced and sold, not prescription fentanyl)", with heroin also found in 34 percent of the cases. On March 15, the U.S. Centers for Disease Control (CDC), announced guidelines for doctors to reduce the amount of opioid painkillers prescribed, in an effort to curb the epidemic.

In a recent motion to dismiss the case, Purdue says Massachusetts Attorney General Maura Healey has created a "sensationalist and distorted narrative that ignores facts" in the lawsuit she filed past year.

Recommended News

  • New Mortal Kombat 11 Trailer Reveals Cassie Cage and Her Brutal Moves

    New Mortal Kombat 11 Trailer Reveals Cassie Cage and Her Brutal Moves

    The trailer also gives us a look at Johnny Cage interacting with his younger, time-displaced self, and he's not impressed. Erron Black , Cassie Cage , and Jacqui Briggs will all be playable in the upcoming Mortal Kombat 11 .
    Giants outfielder Cameron Maybin arrested on DUI charge during spring training

    Giants outfielder Cameron Maybin arrested on DUI charge during spring training

    In a statement, the team said it was monitoring the situation but had no further comment. Officers noted in paperwork that Maybin was cooperative during the investigation.
    Turkey buying Russian S-400s a done deal: Erdogan

    Turkey buying Russian S-400s a done deal: Erdogan

    The U.S. -backed Syrian Kurdish YPG militia now controls the area, but Turkey considers the YPG a terrorist organization. Nobody should ask us to lick up what we spat", Erdogan said.
  • Oppo launches F11, F11 Pro in India

    Oppo launches F11, F11 Pro in India

    Oppo F11 Pro will compete against the likes of recently launched Vivo V15 Pro , Nokia 8.1, Xiaomi Poco F1 and Samsung Galaxy A7. Like the Find X , the F11 Pro's main claim to fame is a hidden 16MP "stealth" camera which pops out of the chassis when needed.
    Bruins' Johansson sidelined with lung contusion

    Bruins' Johansson sidelined with lung contusion

    Now four games into his career with the Boston Bruins following his trade from New Jersey , another injury has hit Johansson. Any opinions expressed do not necessarily reflect those of 98.5 The Sports Hub, Beasley Media Group, or any subsidiaries.
    Red Sox's Steven Wright banned 80 games for PEDs

    Red Sox's Steven Wright banned 80 games for PEDs

    In December of 2017, Wright was arrested for domestic abuse following an incident with his wife at their Tennessee home. He suffered a setback in the postseason and had another surgery on the knee after the season.
  • View Photos of the Bentley Continental GT Number 9 Edition

    View Photos of the Bentley Continental GT Number 9 Edition

    Further unique touches include 18K gold plated organ stops inspired by those in the No.9 "Blower" and "1 of 100" treadplates. Bentley's personal 1930 8.0-liter inline-six engine and sliced it into 100 slivers for mounting in 100 special Mulsanne W.O.
    NASA astronauts to team up for first all-female spacewalk

    NASA astronauts to team up for first all-female spacewalk

    Both astronauts were part of NASA's 2013 astronaut class and these expeditions to space are their first. This is going to be the first time in space for McClain and the first spaceflight for Koch.
    Democrats unveil legislation to reinstate net neutrality rules

    Democrats unveil legislation to reinstate net neutrality rules

    The bill is therefore almost identical to one that was approved by the US Senate in May 2018 but never voted upon by the House . This term's larger Senate Republican majority, and the likely need for 60 votes, makes the fight all the more hard in 2019.
  • Long Ball Propels No. 2 Virginia Over Syracuse 79-53

    Long Ball Propels No. 2 Virginia Over Syracuse 79-53

    The score was tied four times and Syracuse held a 12-2 edge in the paint and had nine second-chance points to three for the Cavs. West Virginia used a 12-2 run to trim a 13-point deficit to 46-43 after Naomi Davenport's layup early in the fourth quarter.
    Google Assistant can now make vocal restaurant reservations in 43 states

    Google Assistant can now make vocal restaurant reservations in 43 states

    Only Indiana, Kentucky, Louisiana, Minnesota, Montana, Nebraska, and Texas are missing from the list . If you live anyplace else in the United States , you'll have Duplex on your Pixel phone today.
    Bank of Canada signals extended rate pause, $C drops

    Bank of Canada signals extended rate pause, $C drops

    Fourth-quarter growth, reported last week, was well below the bank's estimates, barely registering in positive territory. Consumer spending and the housing market were soft, despite strong growth in employment and labour income.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.