Category Archives: Lawsuit

Purdue Pharma struggling amid lawsuits

Posted on by • Posted in Lawsuit, Operating Margin, Operating Performance, Opioid Epidemic, OxyContin, Pharmaceutical Industry • Leave a comment

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Purdue, the maker of OxyContin, is facing sluggish sales, a dwindling workforce and restructuring challenges as it fights a slew of lawsuits claiming that the company contributed to the opioid epidemic, WSJ reports.

  • The company’s revenue is expected to be less than $1 billion this year for the first time in a decade, and it has said it’s considering filing for bankruptcy.
  • Sales for OxyContin have been declining since 2010, as providers have changed their prescribing habits and the public has grown more aware of the threat of opioid addiction.

Purdue’s financial reliance on OxyContin was a result of business decisions made by the company and its board, including members of the Sackler family — which is also under legal scrutiny.

  • The company’s leaders are now more focused on dealing with the ongoing litigation than growing the business, sources told the WSJ.

 

Oral arguments to be heard in birth control coverage case

Posted on by • Posted in Birth Control, Birth Control Coverage, Dept of Health and Human Services (HHS), Health Insurance Coverage Adequacy, Health Insurance Industry, Injunction, Lawsuit, Religious Exemptions • Leave a comment

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A federal judge in California will hear oral arguments today in a case that could decide whether employers can refuse to provide certain health services that go against their religious beliefs.

Following a 2011 HHS mandate that required employers to provide certain health care — including birth control and emergency contraception — the Catholic nonprofit Little Sisters of the Poor sued in 2013 to be exempt from the rule, but five years and lengthy court battles later, the case is still ongoing.

New HHS rules created in 2017 allowed for religious exemptions for employers, including the group run by nuns, but 13 states and the District of Columbia sued to block the rules.

Two judges in January temporarily blocked the rules from going into effect, and today’s hearing will decide whether those injunctions will stay in place.