Texas Surpasses $3 Billion in Opioid Settlements Following Newest Agreement
· Texas Border Business
Texas Attorney General Ken Paxton announced the legal effectiveness of a $7.4 billion settlement with Purdue Pharma and the Sackler family, aimed at addressing the opioid crisis. Texas will receive $286.5 million from this settlement, contributing to over $3 billion secured in total opioid settlements. The agreement prohibits the Sacklers from selling opioids in the U.S. and allocates funds for addiction treatment and recovery over the next 15 years. Purdue's operations will now be managed by Knoa Pharma LLC, with oversight to prevent illegal distribution of opioids. Additionally, over 30 million documents related to Purdue's business will be made public.
AI summary · Source: Texas Border Business →
