U.S. Bankruptcy Judge, Southern District of New York
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Confirmed final reorganization plan
OxyContin launched in 1996 with marketing that downplayed addiction risk. Thirty years and hundreds of thousands of overdose deaths later, the company that made it no longer exists. On May 1, 2026, Purdue Pharma was dissolved and substantially all of its assets transferred to Knoa Pharma, a newly formed nonprofit owned by an independent foundation and mandated to supply opioid use disorder treatments and overdose-reversal drugs without maximizing profit.
Updated 3 hours ago
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