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PostPosted: Mon Mar 04, 2019 4:41 pm
 


Title: OxyContin drug maker mulls bankruptcy due to myriad lawsuits
Category: Business
Posted By: DrCaleb
Date: 2019-03-04 11:24:57
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PostPosted: Mon Mar 04, 2019 4:41 pm
 


A good start but most of the Purdue family who runs that corporation need to go to jail for a long time for the suffering they inflicted on society in the name of greed.


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PostPosted: Mon Mar 04, 2019 5:05 pm
 


The Sacklers have finally been named in lawsuits

https://www.courant.com/politics/hc-pol ... story.html

Of course, they are unlikely to do serious time behind bars, being seriously rich and all, unlike some of their former customers in the US who can be charged with manslaughter if they share drugs with somebody who dies.

Meanwhile all those museums, universities and other institutions who took money from the Sacklers are going to have to figure out what to do next.

https://www.courant.com/politics/hc-pol ... story.html


Last edited by Sunnyways on Mon Mar 04, 2019 5:09 pm, edited 2 times in total.

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PostPosted: Mon Mar 04, 2019 5:07 pm
 


I'm going to have to call bullshit on this one. They're not going broke because of lawsuits they're going broke because the Chinese have cornered the market on illegal OxyContin sales.

They were making a fortune from people selling their product on the black market and now that those people have switched suppliers it's obviously cutting into their bottom line. So it's time to cut their losses and take the money and run.


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PostPosted: Mon Mar 04, 2019 5:09 pm
 


As long as they go broke I don't really give two squirts of piss how it happens.


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PostPosted: Mon Mar 04, 2019 5:22 pm
 


xerxes wrote:
A good start but most of the Purdue family who runs that corporation need to go to jail for a long time for the suffering they inflicted on society in the name of greed.


You know what? I totally agree with you.

https://www.nytimes.com/2018/05/29/heal ... ontin.html

Quote:
Purdue Pharma, the company that planted the seeds of the opioid epidemic through its aggressive marketing of OxyContin, has long claimed it was unaware of the powerful opioid painkiller’s growing abuse until years after it went on the market.

But a copy of a confidential Justice Department report shows that federal prosecutors investigating the company found that Purdue Pharma knew about “significant” abuse of OxyContin in the first years after the drug’s introduction in 1996 and concealed that information.

Company officials had received reports that the pills were being crushed and snorted; stolen from pharmacies; and that some doctors were being charged with selling prescriptions, according to dozens of previously undisclosed documents that offer a detailed look inside Purdue Pharma. But the drug maker continued “in the face of this knowledge” to market OxyContin as less prone to abuse and addiction than other prescription opioids, prosecutors wrote in 2006.


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PostPosted: Mon Mar 04, 2019 5:44 pm
 


Doctors who knowingly over prescribed OxyContin should be held accountable too.


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PostPosted: Mon Mar 04, 2019 5:59 pm
 


BRAH wrote:
Doctors who knowingly over prescribed OxyContin should be held accountable too.

Good grief, whoda thunk it, we agree.


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PostPosted: Mon Mar 04, 2019 6:45 pm
 


Good.

I doubt there are many of us who don't know someone personally that has been affected directly by this highly addictive, destructive drug.


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PostPosted: Mon Mar 04, 2019 8:53 pm
 


BRAH wrote:
Doctors who knowingly over prescribed OxyContin should be held accountable too.


R=UP



Given the plethora of media and medical information that's come out in the past 10 years about the joys of oxy there's no more excuses about not knowing about the dangers of over prescribing this drug. And yet they're still doing it. :twisted:


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PostPosted: Tue Mar 05, 2019 10:09 am
 


BRAH wrote:
Doctors who knowingly over prescribed OxyContin should be held accountable too.


Don’t get me started. A tiny minority have been held to account so far. You have to do something truly outrageous to come to the attention of the police and even then it takes years:

https://www.cbc.ca/news/canada/newfound ... e-1.949302


Here’s the lad who took over Buckingham’s practice. I wish I was making this up:

https://www.cbc.ca/news/canada/newfound ... -1.3783772


And, dear reader, if your head hasn’t exploded yet, see what he is up to now:

https://www.cbc.ca/news/canada/newfound ... -1.4425116


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PostPosted: Tue Mar 05, 2019 10:24 am
 


Sunnyways wrote:
BRAH wrote:
Doctors who knowingly over prescribed OxyContin should be held accountable too.


Don’t get me started. A tiny minority have been held to account so far. You have to do something truly outrageous to come to the attention of the police and even then it takes years:

https://www.cbc.ca/news/canada/newfound ... e-1.949302


Here’s the lad who took over Buckingham’s practice. I wish I was making this up:

https://www.cbc.ca/news/canada/newfound ... -1.3783772


And, dear reader, if your head hasn’t exploded yet, see what he is up to now:

https://www.cbc.ca/news/canada/newfound ... -1.4425116

Because fuck the Hippocratic Oath.


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PostPosted: Tue Mar 26, 2019 3:41 pm
 


And here's the expected result: a slap on the wrist.

Sackler-owned Purdue Pharma settles opioid lawsuit for $270m

Quote:
Purdue Pharma, the drug-maker owned by the billionaire Sackler family, has reached a $270m settlement in a lawsuit which claimed its opioids contributed to the deaths of thousands of people.

As part of the deal, the US firm will fund a new centre to study addiction.

Purdue is one of several firms named in the claim which alleged they used deceptive practices to sell opioids.

The deal is the first Purdue has struck amid some 2,000 other lawsuits linked to its painkiller OxyContin.

The lawsuit filed by Oklahoma claimed that in order to persuade doctors to prescribe their painkillers, Purdue, and other companies such as Johnson & Johnson and Teva Pharmaceutical, allegedly decided to "falsely downplay the risk of opioid addiction" and "overstate" the benefits of their drugs to treat a wide range of conditions.

The companies deny the claims....


https://www.bbc.com/news/business-47710332


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PostPosted: Tue Mar 26, 2019 3:53 pm
 


$270m is a pittance.


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PostPosted: Tue Mar 26, 2019 3:58 pm
 


Quote:
The deal is the first Purdue has struck amid some 2,000 other lawsuits linked to its painkiller OxyContin.


From what I understand, there are still some 1999 lawsuits to go.


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