Purdue Pharma, the maker of OxyContin, pleaded guilty to three federal criminal charges related to the company's role in creating the nation's opioid crisis. Purdue Pharma is a private company owned principally by members of the Sackler family.

Purdue Pharmaannounceda preliminary agreement to settle the opioid litigation facing the Company.

Benefits of the Settlement:

• Purdue would become a public benefit company (PBC) with a focus on addressing the opioid crisis, established for the benefit of claimants and the American people.
• 100% of Purdue's assets would be transferred to this new structure.
• The settlement would deliver more than $10 billion in value and address the opioid crisis by, among other things, providing needed funds, as well as millions of doses of lifesaving opioid addiction treatment and overdose reversal medicines.
• The settlement is designed to quickly deliver resources to states and local communities to abate the opioid crisis versus delay, expense and value destruction from endless litigation or a many years-long bankruptcy process.

Purdue will continue operating as a pharmaceuticals company however, it will be a Benefit Corporation and its social mission will be treating opioid addiction.

It's certainly creative thinking! What do you think about this settlement? Is this a solution that provides the most benefit to the most people? Would your opinion be different if you had lost a family member to opioid addiction?