N.Y. state secures $250M to fund addiction treatment and prevention as part of Purdue Pharma settlement
Spectrum News 1 | Buffalo
New York will receive $250 million from Purdue Pharma to fund addiction treatment and prevention after the company was shut down as part of a settlement.Summary
The New York State Attorney General's Office announced that Purdue Pharma has been shut down for its role in the opioid crisis and replaced by a new public benefit corporation. The AG's office secured nearly $7.5 billion from the company and the Sackler family in a settlement, with New York state set to receive up to $250 million. This funding will be used to expand addiction treatment and prevention services across the state. "This company that put profits over people for decades is now shut down forever," Attorney General James stated. The settlement aims to provide resources to communities and send a message to other pharmaceutical companies.
(Source：Spectrum News 1 | Buffalo)