Members of the billionaire Sackler family that own Purdue Pharmacy LP have offered to pay as much as $6 billion to revive the OxyContin maker’s imperiled opioid settlement, a court-appointed mediator said in a report Friday.
The new settlement offer would see the Sackler family pay at least $5.5 billion with additional money contingent on certain asset sales, U.S. Bankruptcy Judge Shelley Chapman, who is overseeing the talks, said in her report. The sum is more than $1 billion greater than what is called for under Purdue’s existing settlement proposal.
A final deal hasn’t been reached, according to the mediator.
