Reports have said that Purdue Pharma has pleaded guilty to three criminal charges over issues regarding its opioid painkiller, OxyContin.
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Purdue has filed for bankruptcy protection after a settlement offer from the company over the opioid crisis was rejected by 24 states.
A settlement has purportedly been agreed between Purdue Pharma and 23 US states to resolve the opioid crisis case against the company.
A report has found that the rejection of a settlement offer from Purdue has led to the company arranging to file for bankruptcy.
A total of 48 US states are now suing Purdue Pharma, claiming they falsely marketed their opioid drug.