The national opioid epidemic, which is estimated to have claimed more than 60,000 lives in 2016, is expected to worsen this year and one family-owned company helped set the crisis in motion.
President Donald Trump declared the epidemic a national emergency Aug. 10 on the advice of a White House commission that pointed out, “with approximately 142 Americans dying every day, America is enduring a death toll equal to September 11th every three weeks.” Purdue Pharma, the maker of the popular painkiller OxyContin, often faces the brunt of the blame for the crisis due to the role the company’s marketing played in hooking the nation on opioids.
Purdue Pharma is owned by the Sackler family, listed at 19th on the annual Forbes list of wealthiest families in the country at a worth of $13 billion. The family’s fortune largely comes from OxyContin sales, which their company branded and introduced as an extended release painkiller in 1995.
Purdue Pharma pleaded guilty in 2007 to felony charges for false marketing of OxyContin and paid $635 million as a result. The company overstated how long the effects of the medication lasted and severely downplayed the addiction risks of the drug. Three executives also pleaded guilty to criminal charges but dodged prison time.
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