RICHMOND, Va. – Critics are saying that a tentative settlement reached Wednesday between the maker of OxyContin and thousands of local governments in more than 20 states doesn’t do enough to hold Purdue Pharma responsible.
The agreement could be worth up to $12 billion over time and includes future profits for the company, the value of overdose antidotes it’s developing and cash payments of $3 billion to $4.5 billion from the family that owns Purdue Pharma – the Sacklers.
Virginia Attorney General Mark Herring sued Purdue Pharma and four members of the Sackler family and says he has not agreed to a settlement with the drug maker. Herring said of the reported agreement: “I have not agreed to any settlement with Purdue or the Sackler Family and I won’t unless and until I am sure it is in the best interest of Virginians.”