Purdue and Sackler family agree to $7.4 billion OxyContin settlement

“We are extremely pleased to have reached a new agreement that will provide billions of dollars to compensate victims, reduce the opioid crisis, and provide treatment and overdose-saving drugs,” Purdue said in a statement.

The deal still needs court approval and some details have yet to be worked out, but the AP reports that it is one of the largest settlements reached in a series of lawsuits by local, state, Native American tribal governments and others seeking to hold the companies accountable. for a deadly epidemic.

According to AP, the federal government is not expected to oppose the new deal under President Donald Trump.

Connecticut Attorney General William Tong told Reuters the regulation would help bring closure to victims of the opioid crisis.

“It’s not just about the money,” Tong said. “There’s not enough money in the world to fix this.”