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Started By
Message
Opioid maker Purdue Pharma files for bankruptcy
Posted on 9/16/19 at 7:00 am
Posted on 9/16/19 at 7:00 am
quote:
Opioid maker Purdue Pharma files for bankruptcy as part of settlement
Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, filed for bankruptcy in White Plains, New York, days after reaching a tentative settlement with many of the state and local governments suing it over the toll of opioids.
But legal battles still lie ahead for Stamford, Connecticut-based Purdue, which is spending millions on legal costs as it defends itself in lawsuits from 2,600 government and other entities. About half the states have not signed onto the proposal. And several of them plan to object to the settlement in bankruptcy court and to continue litigation in other courts against members of the Sackler family, which owns the company. The family agreed to pay at least $3 billion in the settlement plus contribute the company itself, which is to be reformed with its future profits going to the company’s creditors.
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Posted on 9/16/19 at 7:01 am to member12
Just say "No"...How hard is that?
ETA: Good lord...I guess no one here has watched the Dave Chappelle special.
ETA: Good lord...I guess no one here has watched the Dave Chappelle special.
This post was edited on 9/16/19 at 8:03 am
Posted on 9/16/19 at 7:06 am to member12
I swear. ZERO accountability for anything these days. If some POS moron uses a gun...it's the gun's fault. If someone gets hooked on drugs...it's an opioid crisis.
Posted on 9/16/19 at 7:06 am to member12
Purdue made mega-mega money from the sale of OxyConton. 
Posted on 9/16/19 at 7:06 am to TheBaker
Wasn’t there proof that the company was using payola to get docs to over prescribe their meds?
Posted on 9/16/19 at 7:15 am to Commandeaux
quote:
Just say "No"...How hard is that?
when your doctor prescribes you medicine, you take it, right?
This post was edited on 9/16/19 at 7:16 am
Posted on 9/16/19 at 7:15 am to teke184
quote:
Wasn’t there proof that the company was using payola to get docs to over prescribe their meds?
They lobbied congress to enact laws that forced health care providers to consider pain management as part of their service and physician ratings (which are tied to reimbursement and compensation).
So even if doctors knew that the patient was seeking drugs, they were pressured to prescribe pain meds and send them on their way.
Posted on 9/16/19 at 7:16 am to member12
I'd like to see more companies go on the legal offensive rather than roll over and settle. Simply spinoff all new product lines and when some ambulance chaser comes at them, bankrupt the spin off.
RoundUp? F' it! go bankrupt! Oxy? F' it, go bankrupt!
When the pharma corps especially get tired of the crap they'd be wise to just pull out of the USA market and stop providing meds to the entire nation. See how quickly the legal extortion stops then.
RoundUp? F' it! go bankrupt! Oxy? F' it, go bankrupt!
When the pharma corps especially get tired of the crap they'd be wise to just pull out of the USA market and stop providing meds to the entire nation. See how quickly the legal extortion stops then.
Posted on 9/16/19 at 7:16 am to TheBaker
Is the gun prescribed by a medical professional in order to help you with your ailments?
Posted on 9/16/19 at 7:17 am to TheBaker
quote:
If someone gets hooked on drugs...it's an opioid crisis.
again, this is against a pharmacy. while these lawsuits are sketchy (they are by states, not individuals), the issue is not the addicts fault
doctors over-prescribed very addictive drugs to people and many became horribly addicted following the advice of professionals. those people acted responsibly and just got caught up in a bad system they had no idea was bad. it's not their fault
Posted on 9/16/19 at 7:19 am to member12
Good
Posted on 9/16/19 at 7:20 am to member12
So the Sacklers will walk with billions and be set for generations......... 
Posted on 9/16/19 at 7:20 am to goofball
quote:
So even if doctors knew that the patient was seeking drugs, they were pressured to prescribe pain meds and send them on their way.
You need a doctor with ethics.
Posted on 9/16/19 at 7:21 am to member12
It’s sad to see these stupid millennials putting so many traditional American businesses into bankruptcy
Posted on 9/16/19 at 7:21 am to member12
...and no one knows why prescription medication cost so much.
Posted on 9/16/19 at 7:23 am to SlowFlowPro
Have the doctors avoided all liability on this?
Posted on 9/16/19 at 7:25 am to yellowfin
quote:
Have the doctors avoided all liability on this?
i think the feds and states are prosecuting a bunch
one in California got indicted for murder
Posted on 9/16/19 at 7:26 am to member12
When do we sue China over Fentanyl?
Posted on 9/16/19 at 7:26 am to Commandeaux
quote:
Just say "No"...How hard is that?
Pretty hard when your doctor is saying, "here take this incredibly addictive heroin pain killer to ease your mild back pain because I get huge kickbacks from the maker"
Posted on 9/16/19 at 7:29 am to member12
This is the result when nobody is accountable for their own actions and always somebody else's fault.
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