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The Story of Money

Purdue Pharma's 'one-two' punch

The Story of Money

Manuela Saragosa

Business, Crypto, Markets, Finance, Banking, Investing, History, News

4.4400 Ratings

🗓️ 11 September 2018

⏱️ 22 minutes

🧾️ Download transcript

Summary

The name “Sackler” adorns museums and art galleries around the world. But the family name has also become tainted by its association with the US opioid crisis, amid accusations that OxyContin, more than any other drug, is responsible for sparking one of the worst public health epidemics of modern times. The FT's David Crow explains how the Sackler family company Purdue Pharma got its hold on the opioid market.  

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Transcript

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AI and take action today. Hi, this is Behind the Money with the Financial Times. I'm Amy Keene.

0:38.0

This week on the podcast, we're looking at a company accused of fueling the opioid epidemic in the U.S.

0:44.0

In the last few years a series of exposés have connected the philanthropic Sackler

0:53.9

families billions to sales of OxyContin Maker Purdue Pharma.

0:59.3

And while more than a thousand lawsuits from cities and states across the country have accused the company of

1:04.7

deceptively marketing the prescription painkiller, a new case is targeting members of the family

1:09.7

itself.

1:11.2

So how did the drugmaker fuel the market for opioids? So you have to go back a long time to when the three original Sackler brothers were alive,

1:32.0

Arthur Raymond and Mortimer. They had a British company called

1:35.8

NAP Pharmaceuticals and scientists there happened upon a new sort of type of pill which could sort of kind of think about it like

1:46.5

dripping the drug into the body over a very long period of time.

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