Purdue Pharma (formerly known as the Purdue Frederick Company) is a bankrupt American pharmaceutical company founded in 1892 by John Purdue Gray and George Frederick Bingham, later being sold to members of the Sackler family in 1952. The company manufactured pain medicines, including the highly addictive OxyContin, which the Sacklers heavily persuaded doctors to prescribe to patients. The company's unethical tactics would later lead to several lawsuits, bankruptcy, and ongoing restructuring.
Purdue Frederick Company[]
1892–1910[]
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1910–1952[]
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1952–1955[]
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In 1952, the company was sold to Arthur, Mortimer, and Raymond Sackler, and then owned principally by the Sackler family and their descendants.
1955–1977[]
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1977–2000[]
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Purdue Pharma[]
2000–2010[]
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2010–2011[]
2011–2019[]
2019–present[]
In 2019, Purdue Pharma filed for bankruptcy. In 2021, the company was given permission to legally dissolve as a pharmaceutical manufacturer and restructure into a public benefit corporation focused on addressing the opioid crisis and repaying individuals who were damaged by its products. It was announced the company would restructure into a new legal entity known as Knoa Pharma.