Purdue and Sackler families agree to $7.4bn OxyContin settlement

“We are thrilled that a new agreement has been reached that will deliver billions of dollars to compensate victims, end the opioid crisis, and deliver life-saving overdose and overdose treatment,” Purdue said in a statement.

The deal still needs court approval, and some details have not been disclosed, but the AP said it is the largest settlement reached in multiple lawsuits by local, state, Native American tribal governments and others seeking to hold the company responsible. for a deadly epidemic.

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

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

“It’s not just about the money,” Tong said. “There is not enough money in the world to make it right”.