Obama administration announces $50M settlement over opioid deaths

President Barack Obama’s administration has agreed to a $50 million settlement with Purdue Pharma over opioid overdoses in the United States.

The Justice Department said it was the largest settlement with a drug manufacturer in history.

The U.S. Attorney’s Office for the Eastern District of Pennsylvania said the Justice Department and the Federal Trade Commission agreed to resolve the claims, which were filed in the Eastern Regional District of New York.

The settlement resolves claims filed by the Justice and the FTC on behalf of individuals who died of opioids.

The DOJ said it has already paid out more than $50 billion in compensation to individuals and businesses that were harmed by the opioid crisis.

In November, the Justice department announced a $5.8 billion settlement with Pfizer over a similar opioid crisis, with the pharmaceutical company paying $1.5 billion.