26 de febrero de 2020
ÚLTIMAS NOTICIAS:
Hispanic World

Purdue Pharma files for bankruptcy as per settlement

New York, Sep 16 (efe-epa).- Pharmaceutical giant Purdue Pharma, the manufacturer of the highly addictive opioid OxyContin, has filed for bankruptcy in the United States to finalize and implement the agreement reached with some of its thousands of litigants, the firm said Monday in a statement.

 Photo showing the company logo at the corporate headquarters of Purdue Pharma, the pharmaceutical company that makes OxyContin, in Stamford, Connecticut, on 05 March 2019 (reissued 16 September 2019). According to news reports on 16 September, Purdue Pharma is filing for bankruptcy in an attempt to settle a portion of some 2,000 lawsuits it faces over opioid addiction and overdoses, many of them fatal. EFE/EPA/JUSTIN LANE

Photo showing the company logo at the corporate headquarters of Purdue Pharma, the pharmaceutical company that makes OxyContin, in Stamford, Connecticut, on 05 March 2019 (reissued 16 September 2019). According to news reports on 16 September, Purdue Pharma is filing for bankruptcy in an attempt to settle a portion of some 2,000 lawsuits it faces over opioid addiction and overdoses, many of them fatal. EFE/EPA/JUSTIN LANE

New York, Sep 16 (efe-epa).- Pharmaceutical giant Purdue Pharma, the manufacturer of the highly addictive opioid OxyContin, has filed for bankruptcy in the United States to finalize and implement the agreement reached with some of its thousands of litigants, the firm said Monday in a statement.

Now the focus of the case will move to discussions about how potential proceeds are to be divided among the communities whose residents have become addicted or died from overdoses of opioids produced by Purdue.

Although the settlement includes no admission of wrongdoing by the firm, it will result in Purdue's reorganization into a trust that will continue to produce OxyContin, along with "rescue" drugs to be used if and when takers of the drug overdose on it. These rescue drugs will be distributed free of charge to communities around the US.

"We are hopeful of and expectant that a growing number of states will see this is a much better outcome for them than for us to go into the swamp of litigation that would basically eat up all the resources of the company," Purdue Chairman Steve Miller told reporters in a Sunday night conference call.

The Sackler family, which owns Purdue, last week agreed to renounce their entire stake in the company to resolve the more than 2,600 lawsuits filed against it in courts around the country over its role in precipitating the nationwide opioid epidemic, and it said it would contribute $3 billion to the resolution of these cases.

Lawsuits have been filed against the firm in 24 states, five US territories and there is a multidistrict complaint outstanding against Purdue.

In its statement, Purdue said that the accord will provide "more than $10 billion" to alleviate the opioid crisis.

"This unique framework for a comprehensive resolution will dedicate all of the assets and resources of Purdue for the benefit of the American public," Miller said in the firm's statement.

"This settlement framework avoids wasting hundreds of millions of dollars and years on protracted litigation, and instead will provide billions of dollars and critical resources to communities across the country trying to cope with the opioid crisis," he added.

Purdue said that the firm resulting from the renunciation of the Sackler family of its assets will be called NewCo, will be headed by a board approved by the bankruptcy court and will provide "tens of millions" of doses of rescue medications gratis to treat opioid overdoses.

However, according to The New York Times, it is expected that a group of states, including New York, that have opposed the agreement with Purdue and have sued the Sackler family, will reject this decision since it would permit the owners to continue participating in the industry via a subsidiary until they sell their business.

Histórico de noticias
Bob Iger stepping down as Disney CEO

New York, Feb 25 (efe-epa).- Disney CEO Bob Iger, who has headed the firm for the past 15 years, is stepping down from the post, effective immediately, and...

Rio Sambodromo brings down curtain but Carnival still going strong in Brazi

Brasilia, Feb 25 (efe-epa).- Rio de Janeiro's Sambodromo arena on Tuesday morning brought down the curtain on this year's Carnival celebration, but Brazil's...

Ben Affleck takes advantage of his love for Spanish in "The Way Back"

By Alicia Civita

More than 20 Miami musicians organize 1st anti-communist concert in US

Miami, Feb 25 (efe-epa).- A group of Hispanic singers and musicians, most of them of Cuban origin and including Willy Chirino and Arturo Sandoval, on April...

Weinstein hospitalized for heart palpiations following conviction

By Carles Escola

Bloomberg sharpens attacks on Sanders after senator's Nevada caucus win

New York, Feb 24 (efe-epa).- The presidential campaign of former New York Mayor Michael Bloomberg on Monday sharpened its attacks on Bernie Sanders after...

Katherine Johnson, mathematician who took man to the Moon, dies

Washington, Feb 24 (efe-epa).- "If she says they're good, then I'm ready to go," said US astronaut John Glenn, the first man to orbit the Earth before his...

High tech firms establishing roots in Nevada's wild west

By Marc Arcas

Trump blasts South Korean film 'Parasite,' Brad Pitt at Colorado rally

Los Angeles, USA, Feb 20 (efe-epa).- The president of the United States took advantage of a campaign rally this Thursday in Colorado to criticize the Oscars...

Brazil's Carnival continues with marked feminist accent

Rio de Janeiro, Feb 16 (efe-epa).- Brazil's nationwide Carnival celebration continued on Sunday with a marked feminist accent emphasized by a band that drew...

Trump kicks off Daytona 500 in Florida, but rain delays the race

Miami, Feb 16 (efe-epa)- President Donald Trump kicked off the Daytona 500 under initially sunny skies at the Daytona International Speedway in Florida on...

Dominican municipal elections suspended due to technical problems

Santo Domingo, Feb 16 (EFE).- The Dominican Republic's Central Election Board (JCE) on Sunday suspended the nationwide municipal elections after multiple...

U2's Bono, UN denounce educational disadvantage for girls around world

United Nations, Feb 11 (efe-epa).- Singer Bono and the United Nations on Tuesday denounced the "dramatic disadvantage" in education being suffered by female...

Guaido beaten by mob upon landing in Caracas

Caracas, Feb 11 (efe-epa).- Opposition leader Juan Guaido, recognized as Venezuela's legitimate interim president by more than 50 nations, on Tuesday was...

Samsung presents Galaxy Z Flip, first foldable smartphone

San Francisco, Feb 11 (efe-epa).- South Korean multinational Samsung on Tuesday presented its new foldable smartphone, the Galaxy Z Flip, this model with a...

Fed's Powell warns of economic risks of coronavirus amid Trump's attacks

By Alfonso Fernandez

Final Iowa caucus recount gives Buttigieg delegate win

Washington, Feb 9 (efe-epa).- Almost a week after the Iowa caucuses, the Democratic Party announced Sunday that former South Bend, Indiana, Mayor Pete...

Hundreds of wizards-for-a-day celebrate "Harry Potter" saga in Argentina

Buenos Aires, Feb 6 (efe-epa).- Hundreds of fans left their "muggle" (non-magical) life to one side on Thursday to attend "Harry Potter Book Night" in...

Weinstein defense calls its first witnesses

New York, Feb 6 (efe-epa).- The defense team of former Hollywood producer Harvey Weinstein, who is on trial in New York for rape, on Thursday called its...

Trump holds White House celebration to revel in Senate acquittal

Washington, Feb 6 (efe-epa).- President Donald Trump on Thursday organized a "celebration" at the White House to hail his acquittal in his impeachment trial...

Zona MACO art fair starts in Mexico with new plan to hike attendance

By Ines Amarelo

Trump acquitted in near party line Senate vote on impeachment charges

Washington, Feb 5 (efe-epa).- President Donald Trump was acquitted on Wednesday in a vote by the Republican-controlled Senate on the two impeachment charges...

US threatens Reliance, Repsol, Chevron, Rosneft with sanctions over Venezuela

Washington, Feb 5 (efe-epa).- The United States on Wednesday threatened to impose sanctions on US petroleum firm Chevron, Spain's Repsol and India's...

US trade deficit declines for 1st time in 6 years amid trade tensions

By Alfonso Fernandez