OxyContin Maker Purdue Pharma Set To Dissolve After Judge Approves Its Criminal Sentence

OxyContin maker Purdue Pharma is set to be dissolved and replaced by a company focused on the public good by the week's end, as a massive legal settlement resolving thousands of lawsuits takes effect. A federal judge sentenced the company on Tuesday, ordering it to pay over $5 billion in criminal penalties. This decision marks a significant victory for victims of the opioid crisis and holds the pharmaceutical industry accountable.