Purdue Pharma and Sacklers Reach $275 Million Settlement in Opioid Lawsuit

Purdue Pharma, the maker of OxyContin, and its owners, the Sackler family, will pay nearly $275 million to settle a closely watched lawsuit brought by the state of Oklahoma, two months before the trial was set to begin, a person close to the situation said.

More than $100 million will go to fund a new addiction treatment and research center at Oklahoma State University in Tulsa. The Sacklers, who were not named in the lawsuit, will contribute an additional $75 million over five years to the center.

More than $70 million will go to pay Oklahoma cites, counties and tribes and to reimburse the state for its litigation costs. The package also includes $20 million in medicine for addiction treatment.

The agreement is to be announced by the Oklahoma attorney general’s office at a news conference Tuesday afternoon.

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