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international business
Purdue Pharma judge approves $6-billion opioid settlement, overrules U.S. Department of Justice
FILE - Lynn Wencus of Wrentham, Mass. holds a sign for her son Jeff along with wearing a sign showing loved ones lost to OxyContin and Opioid overdoses, during a protest at Purdue Pharma headquarters in Stamford, Conn., Friday, Aug. 17, 2018. A judge has kept lawsuits against OxyContin maker Purdue Pharma and members of the Sackler family who own it on hold until Feb. 1, 2022, but ordered the parties involved to negotiate a new settlement. (AP Photo/Jessica Hill, File)
international business
Purdue’s Sackler owners propose up to $6 billion opioid settlement
FILE — Cars pass Purdue Pharma headquarters, Sept. 12, 2019, in Stamford, Conn. A federal mediator is expected to announce Wednesday, Feb. 16, 2022 or Thursday whether Purdue Pharma and a group of holdout state attorneys general have been able to reach a new settlement in the OxyContin maker's bankruptcy case. (AP Photo/Frank Franklin II, File)
international business
Purdue Pharma judge extends Sacklers’ U.S. litigation shield to Feb. 17
FILE PHOTO: Bottles of prescription painkiller OxyContin, 40mg pills, made by Purdue Pharma L.D. sit on a shelf at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File Photo
u.s. business
Purdue Pharma seeks to appeal U.S. ruling that overturned its opioid settlement
FILE - This Tuesday, May 8, 2007, file photo shows the logo for pharmaceutical giant Purdue Pharma at its offices in Stamford, Conn. A federal judge on Thursday, Dec. 16, 2021, has rejected OxyContin maker Purdue Pharma’s bankruptcy settlement of thousands of lawsuits over the opioid epidemic because of a provision that would protect members of the Sackler family from facing litigation of their own. (AP Photo/Douglas Healey, File)
u.s. business
U.S. judge refuses to allow litigation to move ahead against Purdue’s Sackler family; negotiations ordered
FILE - This Tuesday, May 8, 2007, file photo shows the logo for pharmaceutical giant Purdue Pharma at its offices in Stamford, Conn. A federal judge on Thursday, Dec. 16, 2021, has rejected OxyContin maker Purdue Pharma’s bankruptcy settlement of thousands of lawsuits over the opioid epidemic because of a provision that would protect members of the Sackler family from facing litigation of their own. (AP Photo/Douglas Healey, File)
world
Judge tosses deal shielding Purdue’s Sackler family from opioid claims
FILE - In this Aug. 9, 2021, file photo, fake pill bottles with messages about OxyContin maker Purdue Pharma are displayed during a protest outside the courthouse where the bankruptcy of the company is taking place in White Plains, N.Y. A federal judge should reject a sweeping settlement to thousands of lawsuits against OxyContin maker Purdue Pharma, a group of states said at a hearing Tuesday, Nov. 30, 2021 arguing that the protections it extends to members of the Sackler family who own the firm are improper. (AP Photo/Seth Wenig, File)
opinion
How bad is Canada’s drug overdose epidemic? American-level bad
The Editorial Board
u.s. business
Appeals are mounting in Purdue Pharma bankruptcy settlement
FILE - This Feb. 19, 2013, file photo shows OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt. A judge formally approved a plan Friday, Sept. 17, 2021 to turn OxyContin maker Purdue Pharma into a new company no longer owned by members of the Sackler family and with its profits going to fight the opioid epidemic. A U.S. bankruptcy court judge signed the plan Friday, more than two weeks after giving it preliminary approval. (AP Photo/Toby Talbot, File)
world
Judge formally approves use of OxyContin profits to fight opioid crisis
FILE - This Feb. 19, 2013, file photo shows OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt. A judge formally approved a plan Friday, Sept. 17, 2021 to turn OxyContin maker Purdue Pharma into a new company no longer owned by members of the Sackler family and with its profits going to fight the opioid epidemic. A U.S. bankruptcy court judge signed the plan Friday, more than two weeks after giving it preliminary approval. (AP Photo/Toby Talbot, File)
world
U.S. seeks to block bankruptcy plan that would free Sacklers from opioid claims
morning update newsletter
Morning Update: Federal party leaders square off in first French-language debate
Canada's Liberal Prime Minister Justin Trudeau, Bloc Quebecois leader Yves Blanchet, New Democratic Party (NDP) leader Jagmeet Singh and Conservative Party leader Erin O’Toole pose with TVA moderator PIerre Bruneau before their "Face-a-Face 2021" French language election debate at TVA studios in Montreal September 2, 2021. Martin Chevalier/Le Journal de Montreal/POOL via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY.
canada
Provinces plan legal push against Purdue Pharma in wake of U.S. opioid deal
(FILES) In this file photo taken on September 18, 2019 This illustration image shows tablets of opioid painkiller Oxycodon delivered on medical prescription taken in Washington,DC. - Purdue Pharma, manufacturer of the OxyContin drug that's been blamed for the US opioid crisis, will be dissolved under a plan approved by a federal judge on September 1. "Purdue will cease to exist, and substantially all of its operating assets will be transferred to a newly formed company with a public-minded mission of addressing the opioid crisis," the drug maker said in a statement. (Photo by Eric BARADAT / AFP) (Photo by ERIC BARADAT/AFP via Getty Images)
international business
U.S. judge conditionally approves Purdue Pharma opioid settlement
FILE - This Feb. 19, 2013, file photo shows OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt. A federal bankruptcy judge is expected to rule Wednesday, Sept. 1, 2021, on whether to accept a settlement between OxyContin maker Purdue Pharma, the states and thousands of local governments over an opioid crisis that has killed a half-million Americans over the last two decades. (AP Photo/Toby Talbot, File)
u.s. business
Judge overseeing Purdue Pharma’s bankruptcy urges opioid plan opponents to settle with Sackler family
FILE - This Tuesday, May 8, 2007, file photo shows the logo for pharmaceutical giant Purdue Pharma at its offices in Stamford, Conn. A lawyer for company, which is facing lawsuits over its marketing of the powerful painkiller OxyContin in driving the opioid epidemic, says states would get more money from settling rather than continuing their lawsuits against the Purdue Pharma and the Sackler family who own it. (AP Photo/Douglas Healey, File)
international business
Purdue Pharma argues settlement better for states than continuing lawsuits
FILE PHOTO: Bottles of prescription painkiller OxyContin made by Purdue Pharma LP sit on a shelf at a local pharmacy in Provo, Utah, U.S. April 25, 2017. REUTERS/George Frey/File Photo
international business
Purdue Pharma lawyer warns of long, expensive litigation
Fake pill bottles with messages about Purdue Pharma are displayed during a protest outside the courthouse where the bankruptcy of the company is taking place in White Plains, N.Y., Monday, Aug. 9, 2021. Purdue Pharma's quest to settle thousands of lawsuits over the toll of OxyContin is entering its final phase with the grudging acceptance of most of those with claims against the company. (AP Photo/Seth Wenig)
u.s. business
Purdue Pharma offers plan to end Sackler control and mounting lawsuits
FILE - In this Oct. 21, 2020, file photo, Purdue Pharma headquarters stands in Stamford, Conn. Purdue Pharma, which helped revolutionize the prescription painkiller business with its drug OxyContin, is proposing a path to emerge from bankruptcy that calls for it to be transformed into a public trust funneling profits into the fight against the nation's intractable opioid crisis. (AP Photo/Mark Lennihan, File)
international business
McKinsey’s top executive voted out as consulting firm faces reckoning over opioid crisis
McKinsey's new global head, Kevin Sneader, poses for a photograph after briefing the media in Johannesburg, South Africa, July 9, 2018. REUTERS/Siphiwe Sibeko
opinion
Either way, Dominic Barton’s plea of ignorance makes Justin Trudeau look bad
Konrad Yakabuski
canada
At the root of the opioid crisis is our belief that Big Pharma can cure pain. Can we kick that habit?
These Oxycocet pills were prescribed to a patient after dental surgery.
u.s. business
Sacklers cited fear of OxyContin lawsuits before transferring US$10-billion from Purdue Pharma, documents show
FILE PHOTO: Bottles of prescription painkiller OxyContin pills, made by Purdue Pharma LP sit on a counter at a local pharmacy in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File Photo
international business
OxyContin maker Purdue Pharma pleads guilty in criminal case
A Purdue Pharma building is seen in Stamford, Conn.
canada
Canada’s provinces have filed opioid-related claims totalling $67.4-billion in U.S. court
GRAND MANAN, NB-October 09, 2019-JayneTurner6-Jayne Turner holds a photo of her husband, Robert John Turner, in Grand Manan, N.B. on Wednesday October 9, 2019. For use with story by Karen Howlett. (VIKTOR PIVOVAROV/FOR THE GLOBE AND MAIL)
u.s. business
McKesson says cost of opioid settlements could reach $21-billion
McKesson Corporation’s headquarters in San Francisco, April 5, 2019. The state of West Virginia on May 1, 2019, settled a lawsuit against McKesson Corporation, the nation’s largest drug distributor, which officials had accused of shipping nearly 100 million doses of addictive opioids to residents over a six-year period. The suit alleged that McKesson had put profits ahead of residents’ welfare, failing to investigate, report or stop suspicious drug orders as required by law, and fueling a widespread drug epidemic. (Anastasiia Sapon/The New York Times)
u.s. business
New York University to strip Sackler name from its Langone Medical Center following Purdue Pharma deal
A sign with the Sackler name is displayed at the Metropolitan Museum of Art in New York, Thursday, Jan. 17, 2019. The Sackler name adorns walls at some of the world's top museums and universities, including the Met, the Guggenheim and Harvard. But the family's ties to the powerful painkiller OxyContin and the drug's role in the nation's deadly opioid crisis are bringing a new kind of attention to the Sacklers and their philanthropic legacy. (AP Photo/Seth Wenig)
international business
OxyContin maker Purdue Pharma to plead guilty to three criminal charges as part of settlement
Bottles of prescription painkiller OxyContin sit on a shelf at a local pharmacy, in Provo, Utah, on April 25, 2017.
u.s. business
U.S. pursues nearly $13-billion of claims in Purdue Pharma opioid probes, sources say
FILE - In this Aug. 17, 2018, file photo, family and friends who have lost loved ones to OxyContin and opioid overdoses leave pill bottles in protest outside the headquarters of Purdue Pharma, which is owned by the Sackler family, in Stamford, Conn. OxyContin maker Purdue Pharma should not be able to make any more political contributions without a judge's permission, lawyers for its creditors said in a Friday, July 10, 2020 court filing. (AP Photo/Jessica Hill, File)
international business
U.S. pursues nearly $13-billion of penalties in Purdue Pharma opioid probes
A Feb. 19, 2013, file photo shows OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt.
obituary
Jonathan Sackler, co-owner of OxyContin-maker Purdue Pharma, dies at 65
FILE - In this Aug. 17, 2018 file photo, family and friends who have lost loved ones to OxyContin and opioid overdoses leave protest messages written on pill bottles outside the headquarters of Purdue Pharma, which is owned by the Sackler family, in Stamford, Conn. On Monday, April 29, 2019, nearly 30 West Virginia hospitals and 10 affiliates in Kentucky banded together to sue some of the country’s largest opioid companies, saying they flooded Appalachia with powerful painkillers and forced medical centers to deal with the financial repercussions. (AP Photo/Jessica Hill, File)
u.s. business
Owners of OxyContin maker Purdue Pharma were paid more after company’s big fine for misleading marketing
FILE PHOTO: Bottles of prescription painkiller OxyContin pills, made by Purdue Pharma LP sit on a counter at a local pharmacy in Provo, Utah, U.S., April 25, 2017.
morning update newsletter
Morning Update: Elections Alberta changes course; Pressure grows on Malta PM; Lobsters and the trade war
First Mate Shawn McGrath holds up a lobster he pulled out of a trap estimated to be over 20-pounds while captain David Sproul's crew works in the Bay of Fundy on Thursday, November 14, 2019. The crew left the wharf in Parker's Cove, N.S. at 10:00 a.m. and returned at midnight after harvesting nearly 3500 lbs. of lobster. Darren Calabrese/The Globe and Mail
canada
Purdue Pharma asks court to halt all litigation against it in Canada amid U.S. lawsuits
A bottle of prescription painkiller OxyContin, 40mg pills, made by Purdue Pharma.
international business
Purdue Pharma, facing over 2000 opioid crisis lawsuits, files for bankruptcy protection
FILE - This Feb. 19, 2013, file photo shows OxyContin pills arranged for a photo at a pharmacy in Montpelier, Vt. Purdue Pharma, the company which makes OxyContin and other drugs, filed court papers in New York on Sunday, Sept. 15, 2019, seeking Chapter 11 bankruptcy protection. (AP Photo/Toby Talbot, File)
british columbia
More provinces join in class-action suit against opioid makers
Family and friends who have lost loved ones to opioid overdoses leave pill bottles in protest outside the headquarters of Purdue Pharma on Aug. 17, 2018. The Attorney-General’s comments came on the same day as reports that Purdue Pharma LP and its owners, the Sackler family, are offering to settle more than 2,000 lawsuits against the company.