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Purdue Pharma Set to Dissolve, Sacklers Pay $7 Billion

11/14/2025

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Summary

Story summary

A federal bankruptcy court judge plans to approve Purdue Pharma's settlement of opioid lawsuits.
The Sackler family would pay up to $7 billion and relinquish ownership of Purdue Pharma.
Purdue would dissolve and reemerge as Knoa Pharma, focusing on limited opioid production and overdose reversal meds.
Payments to states, municipalities, and victims are expected to begin in March or April, but eligibility remains uncertain.

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Story summary

A federal bankruptcy court judge plans to approve Purdue Pharma's settlement of opioid lawsuits.
The Sackler family would pay up to $7 billion and relinquish ownership of Purdue Pharma.
Purdue would dissolve and reemerge as Knoa Pharma, focusing on limited opioid production and overdose reversal meds.
Payments to states, municipalities, and victims are expected to begin in March or April, but eligibility remains uncertain.