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OxyContin maker Purdue Pharma files for bankruptcy

Move comes days after the company reached tentative deal with more than 2,000 plaintiffs

Purdue Pharma, the US company that made billions selling the prescription painkiller OxyContin, has filed for bankruptcy, days after reaching a tentative settlement with many of the state and local governments suing it over the toll of opioids.

Purdue’s board met on Sunday night to approve the long-expected bankruptcy filing, which the company is pursuing to restructure under terms of a proposal to settle the widespread litigation.

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from World news | The Guardian https://ift.tt/32OvJcp
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