Purdue Pharma is a
firm that made
Oxycontin and a very handsome profit. With
sales of USD31 billion and rising it is easy to see why
Capitalist Swine liked it.
It also
brought us the #Opioid Epidemic, which
meant addiction and death. Once people are hooked it is difficult
to stop. Overdosing is another issue. It was the most successful killer drug in
America until #2011. That role has been taken over by
heroin and
fentanyl.
Opioid, the word is an ugly variant of
Opium; they are both addictive and used by pleasure
seekers. One form is OxyContin marketed by
Purdue Pharma as a pain killer. It also
turned out to be a killer - of its users as well as being addictive. These facts
came to light after the Sackler Family
got seriously rich, selling it and killing thousands.
69,000 people worldwide die of opioid overdose each year and 15 million
people have an opioid addiction.[10]
Because opioids are addictive and may result in fatal overdose, most are
controlled substances. In 2013, between 28 and 38 million people used
opioids illicitly (0.6% to 0.8% of the global population between the ages of 15
and 65).[11]
In 2011, an estimated 4 million people in the United States used opioids
recreationally or were dependent on them.[12]
As of 2015, increased rates of recreational use and addiction were attributed to
over-prescription of opioid medications and inexpensive illicit
heroin.[13][14][15]
Conversely, fears about over-prescribing, exaggerated side effects, and
addiction from opioids are similarly blamed for under-treatment of pain.[16][17]
Purdue Pharma
ex Wiki Purdue Pharma L.P. is a privately held
pharmaceutical company founded by John Purdue Gray. It is (or
respectively was) owned principally by members of the
Sackler family as descendants of
Mortimer and
Raymond Sackler.[1][2]
In 2007, it paid out one of the largest fines ever levied against a
pharmaceutical firm for mislabeling its product
OxyContin, and three executives were found guilty of criminal charges.[3][4]
Although the company shifted its focus to abuse-deterrent formulations,
Purdue continued to market and sell opioids as late as 2019, and continued
to be involved in lawsuits around the
opioid epidemic in the United States.[5][6]
Purdue filed for Chapter 11 bankruptcy protection on September 15, 2019 in
New York.[7][8]
On October 21, 2020 it was reported that Purdue had reached a settlement
potentially worth $8.3bn, admitting that it "knowingly and intentionally
conspired and agreed with others to aid and abet" doctors dispensing
medication "without a legitimate medical purpose". Members of the Sackler
family will additionally pay $225m and the company will close.
[9][10]
Oxycodone was first made in
Germany
in 1916 from
thebaine.[17]
It is available as a
generic medication.[12]
In 2017, it was the 52nd most commonly prescribed medication in the United
States, with more than fifteen million prescriptions.[18][19]
A number of abuse-deterrent formulations are available, such as in
combination with naloxone.[13][20]
Sackler Family ex Wiki The Sackler family is an American family, many of whom are known
for founding and owning the pharmaceutical company
Purdue Pharma. Purdue Pharma, and by extension some members of the
family, have faced criticism and lawsuits regarding over-prescription of
addictive pharmaceutical drugs, including
Oxycontin, and Purdue Pharma's role in the North American
opioid crisis.[1][2][3]
According to the New Yorker, Purdue Pharma played a "special role" in
the opioid crisis because the company "was the first to set out, in the
nineteen-nineties, to persuade the American medical establishment that
strong opioids should be much more widely prescribed—and that physicians’
longstanding fears about the addictive nature of such drugs were overblown."
Two Kinds Of Truth
by Michael Connelly Is a novel about crime in Los Angeles, major systematic drug using addicts
to get pills illegally. It is an industry making thousands or millions. The
Sackler top down methods made billions.
Opioid
Epidemic ex Wiki The opioid epidemic, also referred to as the opioid crisis,
is the rapid increase in the overuse, misuse/abuse, and
overdose deaths attributed either in part or in whole to the class of
drugs called opiates/opioids
since the 1990s. It includes the significant medical, social, psychological,
demographic and economic consequences of the medical, non-medical, and
recreational abuse of these medications.
A chart outlining the structural features that define opiates and
opioids, including distinctions between semi-synthetic and fully
synthetic opiate structures
Fentanyl. 2 mg (white powder to the right) is a lethal dose in most
people.[1]
US penny is 19 mm (0.75 in) wide.
Opioids are highly effective for treating
acute pain,[4]
but there is strong debate over whether they are effective in treating
chronic or high impact
intractable pain,[5]
as the risks may outweigh the benefits.[5]
Drug Dealing Jews Make Off With Ill Gotten Gains [
18
September 2019 ]
QUOTE
Drug maker Purdue Pharma, which is being blamed for jump-starting America's
opioid crisis with its aggressive marketing of
Oxycontin, has
filed for bankruptcy.
Purdue Pharma, owned by the [ allegedly
] British-American Sackler family, filed for bankruptcy protection on Sunday
night in a federal bankruptcy court in White Plains, New York, after
reaching a tentative settlement deal worth up to $12billion with state and
local governments.
The Sacklers expressed sympathy on Sunday
night but refused to take responsibility for the nation's opioid
epidemic.............
The family agreed to pay at least $3billion in
the settlement plus contribute the company itself, which is to be reformed
with its future profits going to the company's creditors.............
A court filing by the New York Attorney
General's office on Friday contended that Sackler family members used Swiss
and other hidden accounts to transfer $1billion to themselves. The discovery
of the transfers bolsters several states' claims that family members worked
to shield its wealth because of the growing legal threats against them and
Purdue.
UNQUOTE
They set this one up; now they are walking away laughing up their sleeves.
Down to their last few billion; tough isn't it? The
Mail assumes that we don't know that the
Sacklers are
Jews on the make so it is not censoring this one, just concealing the truth
about them. The
Guardian
does have a small mention, just once in
Meet the Sacklers the family feuding over blame for the opioid crisis.
Jews Slide Out From Under After Killing 47 Thousand People Using OxyContin
[ 22 October 2020 ]
QUOTE
Purdue Pharma, the company that makes OxyContin, will plead guilty to three
federal criminal charges as part of a settlement of more than $8 billion for
its alleged role in fueling America's opioid epidemic, Justice Department
officials confirmed Wednesday.
United States Deputy Attorney General. Jeffrey
A. Rosen announced the deal in a press conference Wednesday morning as he
vowed to 'turn the tide on the opioid crisis ravaging the country'. Rosen
said the deal is still subject to bankruptcy court approval.
Under the deal the Connecticut-based company,
owned by the wealthy
Sackler family, will plead guilty to three criminal charges filed in
federal court in New Jersey Wednesday.
The three counts include conspiracy to defraud
the United States and violating federal anti-kickback laws............
The deal does not release any of the company's
executives or owners - including members of the Sackler family - from
criminal liability and a criminal investigation is still ongoing.
UNQUOTE
More Jews, more crime. You will have seen them whining about their problems
with naughty little Adolf and their
Holocaust® Story. You might wonder just why he
didn't like them. They keep very quiet about that then the
Sackler mob leave
you to wonder if he was right. NB They are upper world criminals so they will
not go to prison.
Jews Stole Circa $10 Gigabucks With Lawyers' Help Or Not [ 17
February 2021 ]
QUOTE
The law firms defending Purdue Pharma LP in probes into its OxyContin
painkiller didn’t disclose an existing deal with Purdue’s owners to keep
information shared between them confidential when the drug maker filed for
bankruptcy.
Skadden, Arps, Slate, Meagher & Flom LLP and WilmerHale received court
permission in November 2019 to continue working for Purdue after it sought
chapter 11 protection. But the firms’ nondisclosure of the agreement with
the
members of the Sackler family who own Purdue, and whose interests are at
odds with company creditors, skirted bankruptcy rules meant to reveal
potential conflicts of interest, bankruptcy experts said.
Earlier this week, Michael Quinn, a lawyer representing five people
with wrongful death and personal injury claims against Purdue,
questioned whether the 2018 defense agreement restricted what Skadden
and WilmerHale could disclose to creditors as they have probed whether
they can recover billions of dollars from the drugmaker’s owners. Even
though the law firms have represented Purdue for years, they have
additional obligations to company creditors while the company is in
chapter 11.
A separate committee of Purdue creditors has been probing the
transfer of billions of dollars from Purdue to the Sacklers before the
company filed bankruptcy, according to court documents. The committee is
examining if these roughly
$10 billion in transfers to the Sacklers can be recovered for the
benefit of Purdue creditors, court papers say. Mr. Quinn said in his
letter he is concerned that the obligation in the defense agreement to
keep Sackler information confidential conflicted with Skadden’s and
WilmerHale’s duties in bankruptcy to Purdue and its creditors.
The Sacklers have consistently denied throughout the bankruptcy case
that the transfers were improper and said more than half the money was
used to pay taxes or invested in international ventures. However, they
offered to cede control of Purdue and pay a $3 billion cash settlement
to resolve creditor claims against them.
Whether Purdue creditors and the Sacklers are able to strike an
agreement that would help facilitate the company’s reorganization in
chapter 11 is a key open issue in the company’s bankruptcy case. Purdue
said when it filed bankruptcy that it had formed a special committee to
review distributions from the company to the Sacklers.
The 2018 joint-defense agreement between Purdue and Sackler family
members who own the drugmaker was made public in December along with
hundreds of other previously sealed court records that were unsealed at
the request of The Wall Street Journal and other media organizations.
Skadden lawyer Patrick Fitzgerald denied that the firm concealed the
agreement, and said Skadden complied with bankruptcy disclosure
obligations in a letter filed Wednesday responding to Mr. Quinn.
Skadden didn’t mention the defense agreement in its 2019 bankruptcy
retention application because the agreement was between Purdue and the
Sacklers, with Skadden only acting as legal counsel on Purdue’s behalf,
Mr. Fitzgerald said.
Bankruptcy experts contacted by the Journal disagreed with Mr.
Fitzgerald’s argument and said the defense agreement should have been
disclosed in the firm’s retention application under chapter 11
disclosure rules. Disclosure is a fundamental part of bankruptcy, and
chapter 11 rules concerning what links a bankrupt company’s advisers
must disclose are broad.
“This is kind of a no-brainer that this information should have been
disclosed at the time counsel sought to be employed,” said retired
bankruptcy judge Carol Kenner, who served on the Massachusetts bench
from 1986 to 2004. In 2003, she made an oft-cited ruling against a law
firm over its failure to disclose a joint defense agreement between a
company and its officers—a situation that she said was similar to
Purdue’s case.
Representatives for Skadden, WilmerHale and Purdue didn’t respond to
requests for comment. A representative for one main branch of the
Sackler family, the descendants of Mortimer Sackler, declined to
comment. Lawyers for the other main branch, the descendants of Raymond
Sackler, didn’t respond to requests for comment about the defense
agreement.
U.S. Bankruptcy Judge Robert Drain, who is overseeing Purdue’s
chapter 11 case and approved the retention of Skadden and WilmerHale,
hasn’t responded to questions raised in Mr. Quinn’s letter about
disclosure of the defense agreement.
Skadden and WilmerHale, two of the largest U.S.-based law firms by
revenue, started defending Purdue in federal probes into the marketing
and sales of opioid products years before the company filed for chapter
11 in September 2019. Stamford, Conn.-based Purdue filed for bankruptcy
to try to resolve
thousands of lawsuits accusing the company of helping to fuel the
opioid epidemic. Purdue said when it filed bankruptcy that although the
country “faces a profound problem of opioid abuse,” the company denied
liability and disputed that its marketing of opioid medications caused
the crisis.
The drug maker
pleaded guilty in November to three federal felony charges related
to the marketing and distribution of its flagship product, OxyContin.
Skadden defended Purdue in the Justice Department’s criminal
investigation.
After their court-approved retention, Skadden filed billing records
listing entries for “joint defense” calls with lawyers from other firms
that represented the Sacklers. Mr. Fitzgerald’s response letter this
week pointed to those billing records, saying there was no effort to
conceal the defense agreement. Lawyers representing a committee of
Purdue unsecured creditors were provided a copy of the information
sharing agreement between Purdue and the Sacklers in July 2020 during
the committee’s own investigations, his letter said.
Lawyers representing the Purdue creditors committee didn’t respond to
messages seeking comment.
UNQUOTE
This is a messy case; the intent to defraud is blatant. The duties of various
players is not.
Israel-based
Teva also made a proposal in 2019 to resolve the cases, offering to
donate a decade’s worth of opioid-addiction treatment drugs along with a
cash payment of $250 million.
UNQUOTE
A billion is still a lot of money but it rolls off the tongue nicely. Politicians
don't care; it is not their money. The tax payers are being screwed again. For
the companies it is the Shareholders that take a beating. But the Directors stay
out of prison. That is the real issue. The
Sackler Family, the Jews that
supply
OxyContin snuck out from under long ago. Going bankrupt was their trick.
