The latest US Supreme Court judgment concerning Purdue Pharma has many internet users wondering if Oxycontin, an addictive medication from which the corporation profited, is still on the market.
Purdue Pharma, the pharmaceutical company responsible for the painkiller OxyContin, is making headlines once more. This time, the United States Supreme Court has agreed to temporarily halt the company’s worldwide settlement in order to protect its owners from multiple civil cases.
It comes after the American pharmaceutical firm pled guilty to federal criminal charges twice in 2007, and again in 2020. The charges included dishonest downplaying of the addictive potential of their medicine OxyContin. Many people are wondering if Oxycontin is still on the market or being prescribed in light of recent developments.
Is OxyContin Still on the Market? Is It Still Recommended?
Purdue Pharma’s letter to its patients is published on Health. According to Utah.gov, the sale and distribution of “generic OxyContin formulations” has been discontinued by multiple manufacturers. As a result, on paper, generic OxyContin is not available on the market.
In 2013, the Food and Drug Administration (FDA) decided to prohibit the generic version of the original OxyContin formula. “The FDA has determined that the benefits of original OxyContin no longer outweigh its risks,” declared the agency at the time. As a result, the original form of the medicine should no longer be accessible on the market, having been discontinued for safety grounds.
Purdue Pharma said in 2018 that they will no longer sell the medicine to doctors owing to lawsuits and issues. As a result, the generic version of OxyContin is no longer prescribed.
Is Purdue Pharma Still in Business?
No, Purdue Pharma is no longer a viable business. The corporation was dissolved in September 2021. The corporation declared bankruptcy in 2019 after thousands of lawsuits for selling medications such as OxyContin, which were blamed for fueling the opioid epidemic.
Recently, the US Supreme Court blocked a countrywide settlement proposed by Purdue’s owners, the Sackler family. According to CBS News, the deal would have allowed the company to emerge from bankruptcy. For the same, the Sackler family would have to contribute $6 billion.
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OxyContin Was Approved for the First Time in 1995
OxyContin, an addictive pain reliever, was initially licensed in 1995. It quickly gained popularity among drug users. Purdue Pharma modified the pill to prevent people from crushing it and using it for reasons other than prescribed.
Following the rise of OxyContin, the drug pandemic in America expanded to include other narcotics. According to CNN, over 500,000 patients visited the emergency room in 2009 alone for drug abuse such as Vicodin (hydrocodone), OxyContin (oxycodone), methadone, and others.
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