A federal jury in Boston had earlier found John Kapoor guilty of racketeering conspiracy in a scheme that involved bribing doctors to prescribe the company's fentanyl-based painkiller, Subsys.
The $260 million deal set the basis for a broader potential multi-billion dollar payout to some 2,700 addiction-ravaged communities who had signed on to the Cleveland lawsuit, the first in a federal court to address the causes of the crisis.
The first civil trial that could hold a drug company responsible for the US opioid epidemic began in Oklahoma, a landmark case that could impact thousands of others like it. Johnson & Johnson and two other drug companies named in the lawsuit.
US is facing a growing drug epidemic and one family has been accused of making the opioid crisis worse – the Sackler family.
It is the first settlement to come out of the recent coast-to-coast wave of nearly 2,000 lawsuits against Purdue Pharma over allegations that they helped create the nation's deadly opioid crisis with aggressive marketing of the powerful painkiller.
The opioid epidemic is the deadliest drug overdose crisis in US history, killing more people than gun violence or car accidents.
The top US doctor on Thursday urged more Americans to carry naloxone, an antidote to opioid overdose, as the nation grapples with a surge in deaths due to potent prescription painkillers and heroin.
The White House also seeks to cut opioid prescriptions in the US by a third over the next three years by discouraging overprescription of opioids in federal healthcare programmes.
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