OxyContin-maker Purdue Pharma has agreed to settle a lawsuit by the state of Oklahoma accusing it of helping igniting the nationwide opioid crisis, a person familiar with the matter confirmed to CNBC.
OxyContin-maker Purdue Pharma has reached an agreement with the Oklahoma Attorney General's office to settle a lawsuit that accused it of helping ignite the nationwide opioid crisis, a person familiar with the situation confirmed to CNBC.
div > div.group > p:first-child"> The details of the settlement are expected to be released at a press conference Tuesday afternoon. Purdue and other manufacturers faced a trial in May in a case brought by Oklahoma Attorney General Mike Hunter. Accusations against the Stamford, Connecticut-based company include downplaying the addiction risk of opioids while overstating the benefits.
A spokesperson for Oklahoma Attorney General's office declined to comment. Purdue Pharma did immediately not respond to a request for comment.
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