OxyContin-maker Purdue Pharma to pay $8.3 billion settlement for its role in opioid crisis

Purdue Pharma headquarters
(Image credit: Drew Angerer/Getty Images)

The Department of Justice and Purdue Pharma have reached an $8.3 billion settlement regarding the OxyContin maker's role in the opioid crisis, the DOJ announced during a Wednesday press conference. In addition, Purdue will plead guilty to charges of conspiracy to defraud the United States and violating federal anti-kickback laws, The Associated Press reports.

Purdue will plead guilty to offering doctors kickback payments if they wrote more prescriptions for Purdue's painkillers, as well as using health record software to push for those prescriptions. The company will also have to admit it held up Drug Enforcement Administration investigations into the company as part of the settlement. It will forfeit at least $2 billion to the federal government, pay at least a $3.54 billion criminal fine, and fork over $2.8 billion in damages, among other charges. Purdue filed for Chapter 11 bankruptcy last year, preventing it from paying the criminal fine right away.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.