Bloomberg Law
Feb. 21, 2020, 4:19 PM

Bankrupt Purdue Pharma Gets Court OK to Develop Overdose Drug

Jeremy Hill
Jeremy Hill
Bloomberg News

U.S. Bankruptcy Judge Robert D. Drain in a hearing Friday says Purdue Pharma LP can enter an agreement to develop a new treatment for opioid overdoses.

  • A group of states suing Purdue over opioid damages expressed concerns about the company developing an overdose reversal drug given its history of selling drugs that cause overdoses
    • But Purdue’s goal now is to “try to look as little as we can into the past” and use its resources to fight the opioid crisis, attorney Marshall Huebner of Davis Polk & Wardwell LLP says in hearing
    • “We are trying to save lives and do ...