President Trump just pledged to take on AND DEFEAT Big Pharma when heβs back in the White House.
Trump will be investigating Big Pharma for the βstunning riseβ in autism, infertility, allergies, & child illness.
βIf Big Pharma defrauds American patients & taxpayers or puts profits above people, they must be held accountable.β
Between 1999 and 2019, approximately 247,000 people in the United States died from prescription-opioid overdoses. Respondent Purdue Pharma sits at the center of that crisis.
Owned and controlled by the Sackler family, Purdue began marketing OxyContin, an opioid pre- scription pain reliever, in the mid-1990s. After Purdue earned billions of dollars in sales on the drug, in 2007 one of its affiliates pleaded guilty to a federal felony for misbranding OxyContin as a less-addic- tive, less-abusable alternative to other pain medications. Thousands of lawsuits followed.
Fearful that the litigation would eventually im- pact them directly, the Sacklers initiated a βmilking program,β with- drawing from Purdue approximately $11 billionβroughly 75% of the firmβs total assetsβover the next decade.
Those withdrawals left Purdue in a significantly weakened financial state. And in 2019, Purdue filed for Chapter 11 bankruptcy.
