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Oklahoma reaches $270M settlement with drugmaker Purdue Pharma

FILE - In this Feb. 1, 2019, file photo, is Oklahoma Attorney General Mike Hunter smiles during an interview in Oklahoma City. The Oklahoma Supreme Court has denied a request by drugmakers to postpone the trial in the state's lawsuit accusing them of fueling the opioid epidemic. The state's highest court handed down the decision Monday, a week after attorneys for drugmakers and the state made oral presentations on the request to delay the trial's scheduled May 28 start. Hunter sued 13 opioid manufacturers in 2017, alleging they fraudulently engaged in marketing campaigns that led to thousands of overdose addictions and deaths. Several states have filed similar lawsuits, but Oklahoma's is expected to be the first to go to trial. (AP Photo/Sue Ogrocki, File)

(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

The State of Oklahoma has reached a settlement with Purdue Pharma, one of the companies named in the state’s lawsuit against drugmakers.

Attorney General Mike Hunter announced the $270 million dollar settlement at OSU-Tulsa Tuesday.

Hunter says the settlement includes a $200 million endowment directed toward OSU’s Center for Wellness and Recovery.

In addition to the $200 million endowment, AG Hunter said Purdue will provide addiction treatment medicine, a $20 million value, to OSU’s addiction treatment facility.

Oklahoma Attorney General Hunter announces historic settlement, $200m endowment for OSU Center for Health Sciences Center for Wellness & Recovery

Posted by Oklahoma Attorney General Mike Hunter on Tuesday, March 26, 2019

More could be on the way, as AG Hunter says the state will continue it’s case against other drug manufactures it says contributed to the opioid crisis.

The trial against Johnson & Johnson, Teva and the other defendants named in the state’s lawsuit remains on track for May 28.

More here

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