CNBC Television Watch David Fabers interview with Purdue Pharma chairman on $10 billion plan to exit bankruptcy
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Steve Miller, chairman of Purdue Pharma’s Board of Directors, joins CNBC’s David Faber to discuss the OxyContin maker’s $10 billion plan to exit bankruptcy. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
Purdue Pharma, which helped revolutionize the prescription painkiller business with its drug OxyContin, is proposing a $10 billion plan to emerge from bankruptcy that calls for it to be transformed into a different kind of company funneling profits into the fight against the nation’s intractable opioid crisis.
Those efforts would include a significant boost — more than $4 billion — from members of the Sackler family who own the Connecticut-based pharmaceutical giant.
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