Social networks
3,037 29,948Entity types
Location
201 Tresser Blvd, Stamford, CT 06901, USA
Stamford
United States of America
Employees
Scale: 501-1000
Estimated: 923
Engaged catalyst
5Added in Motherbase
5 years, 11 months agoPurdue is working toward a settlement to speed delivery of resources & lifesaving medicines to address the opioid crisis
Purdue Pharma’s bankruptcy case was heard before the Supreme Court of the United States in December 2023. In June 2024, the Court voted 5-4 against third-party releases contained in the Plan of Reorganization. The decision does nothing to deter us from the twin goals of using settlement dollars for opioid abatement and turning the company into an engine for good. We are reaching back out to creditors and renewing our pursuit of a resolution that delivers billions of dollars of value for opioid abatement and allows the Company to emerge from bankruptcy as a company with a public-minded mission. The Supreme Court’s decision does not affect Purdue’s operational stability or our ability to produce medications safely and effectively. We continue to operate fully, honoring our existing relationships and meeting our obligations to our partners and customers. The company will continue serving patients who rely on our medicines, and working to introduce new medicines that will help save and improve lives.
Pharmaceuticals, Drug Development, Prescription Opioids, Sleep, Laxatives, Antiseptics, and Dietary Supplements
Purdue Pharma and its subsidiaries are physician-founded and physician-led companies that develop, manufacture and market medications and consumer health products to meet the evolving needs of healthcare professionals, patients, consumers and caregivers. Purdue Pharma is also committed to supporting national, regional and local collaborations to drive innovations in patient care while continuing our efforts to address the opioid addiction crisis.
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