As part of the agreement, the Sackler family would also be forced to pay $6 billion to various U.S. states for its role in the opioid epidemic:
The new filing says the family has “agreed to allow any institution or organization in the United States to remove the Sackler name from physical facilities and academic, medical, and cultural programs, scholarships, endowments, and the like.”
Davis Polk, the law firm representing Purdue Pharma, declined to comment on Artnet News’s request for clarification on this point. As part of the new agreement, Purdue Pharma will henceforth be known as Knoa Pharma and be guided by a public board.
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