Maker of OxyContin Reaches $270M Settlement in Oklahoma

Nearly $200 million will go toward establishing the National Center for Addiction Studies and Treatment at Oklahoma State University.

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Image via AP Photo/Toby Talbot, File

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OKLAHOMA CITY (AP) — The maker of OxyContin and the company’s controlling family agreed to pay $270 million to Oklahoma on Tuesday to settle allegations they helped set off the nation’s deadly opioid crisis with their aggressive marketing of the powerful painkiller. It is the first settlement to come out of the recent coast-to-coast wave of nearly 2,000 lawsuits against Stamford, Connecticut-based Purdue Pharma that threaten to push the company into bankruptcy and have stained…

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