Purdue Pharma, the maker of OxyContin, filed for Chapter 11 bankruptcy protection Sunday night, just days after striking a settlement with more than 2,000 local governments over its alleged role in creating and sustaining the deadly opioid crisis.
Erie County Executive Mark Poloncarz said they are no better than a corner drug dealer. He was referring to corporate opioid makers. Poloncarz sees the county's lawsuits against them benefitting from an Oklahoma judge's ruling this week that Johnson & Johnson intentionally played down the risks, oversold the benefits of the drugs and must pay $572 million.
Federal prosecutors late Tuesday charged British drugmaker Indivior with felony fraud and conspiracy for its marketing of opioid products including Suboxone. The company allegedly created a "nationwide scheme" in the U.S. designed to convince doctors and government insurance providers that Indivior's patented opioid medications are safer and less prone to abuse than cheaper generic alternatives.