Done: Billion-dollar fine for the family behind Oxycontin

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Done: Billion-dollar fine for the family behind Oxycontin
Photo: Carolyn Kaster/AP/TT

Pharmaceutical company Purdue Pharma and the Sackler family will pay up to $7 billion in a settlement over the controversial drug Oxycontin, a federal judge has ruled.

The deal was practically completed in January this year, but has been formally approved with the judge's decision on Friday.

A US appeals court ruled in 2023 that the Sackler family would receive full immunity from civil lawsuits in exchange for paying the equivalent of just over SEK 60 billion to address the consequences of the opioid epidemic, a ruling that was overturned by the US Supreme Court last year.

In addition to the sum equivalent to up to SEK 66 billion, the Sackler family will also give up ownership of Purdue, which manufactured the painkiller and highly addictive drug /which was part of the catastrophic opioid epidemic in the United States in particular.

Hundreds of thousands of people have lost their lives in the opioid crisis and several million Americans are estimated to be addicted to opioids.

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By TTEnglish edition by Sweden Herald, adapted for our readers

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