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When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

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1

When SpaceX starts trading, some 'shareholders' will discover they own nothing at all

2

Corporate America has been draining the world's water. Matt Damon's new campaign calls on Gap, Starbucks, and Amazon to help give it back

3

Current price of oil as of June 12, 2026
Healthopioid epidemic

OxyContin Billionaire Granted Patent for Opioid Addiction Treatment

By
Brittany Shoot
Brittany Shoot
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By
Brittany Shoot
Brittany Shoot
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September 7, 2018, 7:14 PM ET

Purdue Pharma has long been criticized for aggressively marketing opioid painkiller OxyContin, which many believe has lead to the current opioid addiction epidemic. And now it seems the company is looking to get in on profits from treatment, too. Richard Sackler, whose family that owns and operates privately held Purdue Pharma, has been granted a patent for opioid painkiller addiction treatment.

The patent was granted for a novel form of buprenorphine, a mild opiate that controls drug cravings and is offered as a temporary substitute to those addicted to heroin or opioid painkillers, according to the Financial Times. Buprenorphine is manufactured in pill or dissolving strip form and is often better known by brand name Suboxone, which is distributed by British pharmaceutical giant Indivior. In 2017, Suboxone brought Indivior $877 million in U.S. sales.

This isn’t the first time Purdue Pharma has tried to grab market share on opioid addiction treatment. In 2017, Purdue sponsored an app study to see if tracking pain and addiction with an iPhone could lead to better understanding and treatment from physicians.

In February, Purdue Pharma announced it would stop promoting OxyContin to physicians. But the firm remains embattled on several fronts as numerous states have filed lawsuits against the Massachusetts-based company.

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By Brittany Shoot
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