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flag Purdue Pharma proposes $7.4 billion settlement for its role in the opioid crisis.

flag Purdue Pharma, maker of OxyContin, has proposed a $7.4 billion settlement to address lawsuits over its role in the opioid crisis. flag The Sackler family, owners of the company, would contribute up to $7 billion in cash over 15 years, with the largest payment upfront. flag The settlement, if approved, will allocate funds to states, local governments, and individuals harmed by opioids, and includes provisions for Purdue to become a public benefit company focused on combating opioid addiction. flag The plan aims to resolve the largest corporate bankruptcy related to the opioid epidemic, which has caused hundreds of thousands of deaths since OxyContin's launch in 1996.

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