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Purdue Pharmaceuticals files for bankruptcy

Purdue Pharmaceuticals, a U.S. manufacturer of the opioid painkiller, OxyContin, received bankruptcy protection from the court on the 1st (local time). According to the Wall Street Journal (WSJ), Judge Robert Drain of the federal bankruptcy court in White Plains, New York, approved Purdue Pharmaceuticals’ restructuring plan. That would also end lawsuits filed by