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Pharma giant strikes $8bn settlement over opioid addiction

Oct 22, 2020 12:15 IST

Drugmaker Purdue Pharma, the company behind the powerful prescription painkiller OxyContin that experts say helped touch off an opioid epidemic, will plead guilty to federal criminal charges as part of a settlement of more than $8 billion, the Justice Department announced Wednesday. This is the largest settlement ever reached with a pharmaceutical company.