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Justice is coming for Big Pharma. Cenk Uygur and Ana Kasparian, hosts of The Young Turks, break it down.
"Purdue Pharma, the maker of Oxycontin, has settled with Oklahoma for $270 million after it was accused of fueling the nation's opioid epidemic, the state's attorney general said Tuesday.
The deal was reached roughly two months before the scheduled start date of a televised trial in Oklahoma, where charges that Purdue deceptively marketed OxyContin would have been on full display in a state hit hard by the opioid crisis.
Under the terms of the settlement, Purdue and the family that owns it, the Sacklers, have pledged $197.5 million to expand an addiction treatment and research center at Oklahoma State University in Tulsa. The drugmaker has earned more than $35 billion from the sale of OxyContin.
Purdue has agreed to provide $102.5 million in cash and $20 million worth of addiction treatment medicines, with the Sacklers putting up an additional $75 million over five years starting in 2020, according to a person familiar with the deal."