{"id":59448,"date":"2023-03-18T06:00:36","date_gmt":"2023-03-18T10:00:36","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/overdoses-continue-to-fuel-sales-for-the-sacklers-the-family-accused-of-igniting-the-opioid-crisis-59448"},"modified":"2023-03-18T06:00:36","modified_gmt":"2023-03-18T10:00:36","slug":"overdoses-continue-to-fuel-sales-for-the-sacklers-the-family-accused-of-igniting-the-opioid-crisis","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/overdoses-continue-to-fuel-sales-for-the-sacklers-the-family-accused-of-igniting-the-opioid-crisis-59448","title":{"rendered":"Overdoses continue to fuel sales for the Sacklers \u2014 the family accused of igniting the opioid crisis"},"content":{"rendered":"
\n

A company owned by the Sackler family \u2014 widely blamed as one of the major initial drivers of the opioid epidemic \u2014 is continuing to rake in sales from overdoses abroad, though a representative said the firm doesn’t profit off those sales.<\/p>\n

The Sackler family, most known for its ownership over OxyContin maker Purdue Pharma<\/a>, also owns the international pharmaceutical company Mundipharma. The firm pushes overseas its overdose antidote, a naloxone nasal spray called Nyxoid.<\/p>\n

“You\u2019re in the business of selling medicine that causes addiction and overdoses, and now you\u2019re in the business of selling medicine that treats addiction and overdoses?” Dr. Andrew Kolodny, an outspoken Purdue critic, told the Associated Press<\/a> in 2019. “That\u2019s pretty clever, isn\u2019t it?”<\/p>\n

CRISIS IN KENSINGTON: OPIOIDS HIT PHILADELPHIA LIKE AN ATOMIC BOMB. THIS MAN IS DOCUMENTING THE FALLOUT<\/strong><\/a><\/p>\n

A Mundipharma spokesperson emphasized that the company isn’t active in the U.S. market.<\/p>\n

“Mundipharma distributes Nyxoid to several countries, outside the US,” the spokesperson told Fox News. “It makes no profit from such sales.”<\/p>\n

The spokesperson also told Fox News it “is publicly known that our shareholders intend to sell Mundipharma within seven years” of a Purdue bankruptcy plan<\/a> becoming effective. “We have no further information or details to share at this time about any such sale.”<\/p>\n

In 2019, meanwhile, a Mundipharma Europe spokesman told the AP that overdose reversal drugs administered as a nasal spray is important, given the dismal rate of overdose deaths.<\/p>\n

“If they were trying to find a solution, they would just distribute naloxone for free,” Stephen Wood, a fellow at the Harvard Medical School Center for Bioethics, told the AP. “They could use all that money they made off opioids to help support a program where they are giving away this life-saving medication.”<\/p>\n

Profits from OxyContin<\/a> helped make the Sacklers one of the richest families in the world. But in recent years, Purdue and its private owners have faced lawsuits accusing them of pursuing an aggressive and deceptive marketing campaign pushing OxyContin prescriptions all while downplaying the drug\u2019s addictiveness.<\/p>\n

WATCH MORE FOX NEWS DIGITAL ORIGINALS HERE<\/u><\/strong><\/a><\/p>\n

A common story emerged: An OxyContin user<\/a> would form an addiction, then turn to heroin once the prescription drug became too expensive or hard to obtain illicitly.<\/p>\n

In some cases, they were legitimate patients who followed the prescription\u2019s guidelines while others started taking OxyContin more frequently when they felt its effects diminishing. Some took the drug illegally while experimenting in their youth, often from a family member\u2019s medicine cabinet, without understanding its addictive nature.<\/p>\n

Lawsuits against Purdue and the Sacklers allege that internal documents indicate that the company aimed to profit off addiction. According to the plaintiffs, one stated that Purdue could become an “end-to-end provider” by providing both opioids and addiction treatment, the AP reported.<\/p>\n

WOMAN WHO LOST HER SOULMATE TO FENTANYL DISCUSSES GRIEF AROUND HOLIDAYS, HONORING LOST LOVED ONES<\/strong><\/a><\/p>\n

Representatives for the Sackler family at the time said a third-party presented the plan and was abandoned after a few passing mentions. The Mundipharma spokesman rejected any connection between the international Nyxoid push and any Purdue plans for naloxone.<\/p>\n

Opioid overdoses<\/a> have been on the rise since the \u201890s, but there was a significant spike as the COVID-19 pandemic took hold. In 2021, there were over 80,000 overdose deaths \u2014 about a 60% increase from 2019, according to the National Institutes of Health.<\/p>\n

An overdose reversal drug became necessary as a result of the opioid epidemic, particularly one that\u2019s easy to use like Nyxoid abroad. In the U.S., naloxone has become synonymous with a similar nasal-spray product, Narcan.<\/p>\n

CRISIS IN KENSINGTON: WHERE ADDICTS FEAR THE VERY THING THAT CAN SAVE THEIR LIVES<\/strong><\/a><\/p>\n

In Philadelphia, home to one of America\u2019s most notorious open-air drug markets, the fire department and emergency medical services have administered naloxone nearly 19,600 times between 2014 and 2019, the most recent full year with data available, according to city data<\/a>.<\/p>\n

But the drug isn\u2019t a catch-all solution.<\/p>\n

“Once they get Narcan in their system, it puts them in immediate withdrawal,” Frank Rodriguez<\/a>, a recovering addict, told Fox News. “They have to get high again to not feel like they’re dying.”<\/p>\n

He said he always makes sure to have naloxone available whenever he drives into the city.<\/p>\n

“This saved my life,” he said, holding up Narcan.<\/p>\n

CRISIS IN KENSINGTON: DRUG OVERDOSES KILL 12 PENNSYLVANIANS A DAY. WATCH ONE MAN’S FIGHT TO HELP ADDICTS<\/strong><\/a><\/p>\n

Regardless of the necessity of an easy-to-use overdose reversal drug, Mundipharma has faced criticism for pushing from Nyxoid after the company’s owners profited off opioids.<\/p>\n

The Sackler family\u2019s efforts to sell Mundipharma\u2019s China unit for $1 billion fell through in January 2022, Bloomberg reported<\/a> at the time. There\u2019s been no other public reporting indicating that Mundipharma or any of its units have been sold.<\/p>\n

Purdue Pharma and the Sackler family have been embroiled in a litany of court cases in recent years. The pharmaceutical company pleaded guilty to misbranding and fraud charges in 2007 and again in 2020.<\/p>\n

Purdue filed for bankruptcy<\/a> in 2019, but legal proceedings are ongoing. The company offered a $6 billion settlement, funded by the Sacklers, that would get paid out to various victims of addictions, including states and hospitals. In exchange for that settlement, which is still under consideration, the family would be protected from future opioid lawsuits.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/world\/overdoses-continue-fuel-sales-sacklers-family-accused-igniting-opioid-crisis <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A company owned by the Sackler family \u2014 widely blamed as one of the major initial drivers of the opioid epidemic \u2014 is continuing to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[16563],"tags":[],"stock_ticker":[],"class_list":["post-59448","post","type-post","status-publish","format-standard","hentry","category-market-news","entry"],"acf":[],"yoast_head":"\nOverdoses continue to fuel sales for the Sacklers \u2014 the family accused of igniting the opioid crisis - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/overdoses-continue-to-fuel-sales-for-the-sacklers-the-family-accused-of-igniting-the-opioid-crisis-59448\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Overdoses continue to fuel sales for the Sacklers \u2014 the family accused of igniting the opioid crisis - 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