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Today, my office and a bipartisan coalition are announcing the shutdown of Purdue Pharma.
Under the Sacklers’ control, Purdue developed, manufactured, and misleadingly marketed its deadly opioids, destroying communities and fueling the opioid crisis across the country.
We secured a $7.4 BILLION settlement with Purdue Pharma, who fueled the largest drug crisis in our history.
TODAY
The $7.4 billion settlement, effective May 1, 2026, ends Purdue’s operations and transfers control to Knoa Pharma LLC, a public benefit corporation that will direct funds toward opioid treatment and recovery without marketing or lobbying for the drugs. The Sackler family, former owners, will pay over $6.5 billion and are banned from U.S. opioid sales, following Purdue’s 2019 bankruptcy amid lawsuits over misleading marketing that fueled over 500,000 overdose deaths since 1999. Attorneys general from all 50 states celebrated the bipartisan win, with states like Missouri ($91 million), Washington ($105.6 million), and New Jersey (over $125 million) planning to boost treatment centers, though some victims’ families and critics argue it falls short of full accountability.
FYI The Smithsonian still has rooms with this family name on them. Get rid of them.
2019 david sackler