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The settlement does not release the company’s executives or owners from criminal liability.
The states attorneys general question if Purdue Pharma is receiving special treatment.
The proposed agreement also calls for members of the Sackler family to give up ownership of Purdue, according to reports.
Ducharme will be responsible for ongoing product development and identifying new research opportunities and ventures across multiple therapeutic areas.
“We are beginning to engage in discussions with the individuals who are responsible for this crisis,” James said in an interview with the Business Journal.
The Oklahoma Supreme Court rejected an appeal by Purdue Pharma to delay the state’s May trial against the company.
The Guggenheim's announcement follows action by three London art institutions that rejected Sackler donations.
Connecticut Attorney General William Tong said, “We will oppose any attempt to avoid our claims, and will continue to vigorously and aggressively pursue our claims against Purdue and the Sackler family.”
Virginia has become the latest state to sue Stamford-headquartered Purdue Pharma over its marketing and distribution of opioids.
"Purdue Pharma and its executives built a multibillion-dollar business based on deception and addiction," said Massachusetts Attorney General Maura Healey.
The new initiative will present educational materials focusing on opioid abuse prevention, treatment, and recovery strategies.
Fourteen states have filed lawsuits against Purdue Pharma, claiming its allegedly deceptive marketing of prescription opioids contributed to the ongoing opioid crisis.
“Big Pharma helped to fuel this epidemic by deceptively peddling these dangerous drugs and hooking millions of Americans in exchange for profit,” Mayor Bill de Blasio said.
There were 539 accidental drug overdose deaths in Connecticut over the first half of the year, including 322 deaths involving fentanyl.
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