“That’s the case with the pharmaceutical industry time and time again: good intentions are marred by the drive to maximize revenue.” -Adam Winstock, MD (University College London, an addiction medicine specialist and founder of the Global Drug Survey.) While psilocybin is a naturally occurring molecule, the chemistry to develop a standardized synthetic version deemed safe…
The Sacklers have expressed sympathy but refuse to take responsibility for the nation’s opioid epidemic. US Bankruptcy Judge Robert Drain agreed to pause the lawsuits against Purdue Pharma and the Sackler’s until next month with the intention of stopping suits longer so a settlement can be worked out. Drain gave the company, state attorneys general and lawyers…
“I think the intellectual property is going to be around dosage-control systems” for psychedelics like psilocybin-containing mushrooms, Linton said. Linton said people… wanted to “get rich quick.” “I’m cheering for the entrepreneur,” Linton said. “So I don’t want to cheer for an idiot.” Original Article (Business Insider):…who built Canopy Growth…Artwork Fair Use: eflon
A new company… just raised $6.2 million to try to make psychedelics without their characteristic hallucinogenic qualities, so that the compounds can be used in medicines for diseases like addiction. Based in the US and Canada, MindMed’s team of 11 is scattered across Toronto, New York, and San Francisco. The company’s first goal is getting…
You see, now that it’s becoming legal, there’s nothing special about marijuana. Like corn or wheat, it’s a crop. Marijuana is a commodity. It’s all roughly the same, no matter where or how it’s grown … The apple is a versatile fruit. Yet, selling apples is far from lucrative … After much hype, investors have…
The activists hurled a blizzard of “blood money” in the air — mock one-dollar bills printed with the word “Oxy” and splattered with red paint — and spilled mock prescription bottles across the steps of the courthouse. They spread themselves across the cement for a 200-second die-in and moment of silence for the nearly 200…
“If [the Sacklers] have the perception — and it’s the correct perception — that ‘people like us just don’t go to jail, we just don’t, so the worst that’s going to happen is you take some reputational stings and you’ll have to write a check,’ that seems like a recipe for nurturing criminality,” Keith Humphreys,…
A Massachusetts judge has denied a motion to dismiss a lawsuit that claims members of the Sackler family and the company they own, Purdue Pharma, helped create the nation’s opioid epidemic. In a decision released late Tuesday afternoon (10/9/2019), Suffolk Superior Court Judge Janet Sanders said Massachusetts Attorney General Maura Healey has jurisdiction to pursue the 17…
Attorneys general for 25 states and lawyers for more than 500 local and tribal governments have asked a judge to let actions against family members move ahead. The company has said that if the Sacklers face litigation across the country, they may not be willing or able to kick in the $3 billion to $4.5…
“If forced to bear the risk of adverse money judgments, the related parties may be unwilling — or unable — to make the billions of dollars of contributions contemplated by the settlement structure,’’ Purdue said in a filing last month. Purdue Pharma has suggested in court filings that protecting the family from lawsuits is a…
