OxyContin maker Purdue Pharma reaches $270 million settlement related to opioid crisis

Posted on: March 26th, 2019 by ABC News No Comments

Pureradiancephoto/iStock(OKLAHOMA CITY) —  Purdue Pharma, the company that makes OxyContin, settled its first significant lawsuit on Tuesday related to its aggressive marketing of a painkiller that is part of the ongoing nationwide opioid epidemic.

The settlement is for $270 million, according to a source with knowledge of the terms, with $200 million earmarked for an opioid center at Oklahoma State University.

Oklahoma Attorney General Mike Hunter’s office announced the deal on Tuesday. It is the first for the company, which currently faces 1,600 additional lawsuits by cities, counties and states related to its role in the painkiller crisis.

This is a developing story. Please check back for updates.

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