Former National Drug Czar in Obama Administration to Monitor Malvern-Based Endo’s Opioid Business
Malvern-based opioid maker Endo International will be monitored by Gil Kerlikowske, a former national drug czar in the Obama administration, as it reorganizes in bankruptcy court, writes Bob Fernandez for The Philadelphia Inquirer.
As the pressure continues to mount from people affected by the ongoing opioid crisis in the nation, a New York judge has confirmed Kerlikowske as the outside monitor over the company’s opioid business. He will receive as much as $25,000 a month from Endo.
“This is straight out of the Purdue playbook,” said Temple University law professor Jonathan Lipson.
Purdue Pharma, the maker of the OxyContin pain pill, is currently being monitored by former Montana Gov. Steve Bullock as it reorganizes in bankruptcy court.
Endo is facing close to 3,100 lawsuits over its alleged role in the opioid epidemic that has claimed over 500,000 American lives, according to government estimates. The company, which is effectively run from Malvern but is headquartered in Ireland for tax purposes, filed for bankruptcy protection in mid-August in Manhattan.
New York Bankruptcy Judge James L. Garrity Jr. signed the court action designating the monitor on Nov. 15.
Read more about Endo International in The Philadelphia Inquirer.
Connect With Your Community
Subscribe to stay informed!
"*" indicates required fields