OXYCONTIN MAKER PURDUE PHARMA PLEADS GUILTY TO ROLE IN COUNTRY’S OPIOID CRISIS

Highlights

• In a federal court hearing held virtually in front of US District Judge Madeline Cox Arleo, Steve Miller chairman of Purdue Pharma board pleaded guilty on the behalf of the company

• According to a Department of Justice press release, this deal includes ...

Purdue Pharma filed for bankruptcy

US based drug maker Purdue Pharma has urged for a bankruptcy protection. The latest development is regarded as a consequence to the thousands of lawsuits which have accused the firm for fostering US opioid crisis. Based on the latest reports, the company’s board has approved the filing of Chapter...