Sen. Sanders Introduces Bill to Hold Opioid Executives Criminally Liable
GoLocalProv Political Team
Sen. Sanders Introduces Bill to Hold Opioid Executives Criminally Liable
The act comes last Vermont Attorney General T.J. Donovan announced a lawsuit today against former Purdue Pharma CEO Richard Sackler and seven family members who served on Purdue’s Board of Directors for deliberately misrepresenting the risks of the drug OxyContin.
“We know that pharmaceutical companies lied about the addictive impacts of opioids they manufactured. They knew how dangerous these products were, but refused to tell doctors and patients. While some of these companies have made billions each year in profits, not one of them has been held fully accountable for its role in an epidemic that is killing tens of thousands of Americans every year. At a time when local, state and federal governments are spending many billions of dollars a year dealing with the impact of the opioid epidemic, we must hold the pharmaceutical companies and executives that created the crisis accountable,” said Sanders.
GET THE LATEST BREAKING NEWS HERE -- SIGN UP FOR GOLOCAL FREE DAILY EBLASTOrganizations endorsing the legislation include Public Citizen, CREDO, American Medical Student Association (AMSA), National Collaborative for Health Equity and Prescription Justice.
Sanders’ Legislation
The Opioid Crisis Accountability and Results Act prohibits illegal marketing and distribution of opioids; creates criminal liability for top company executives; penalizes drug manufacturers who illegally advertise, market or distribute an opioid product; and requires drug makers to reimburse the country for the negative economic impact of their products.
Any company found in violation of the Opioid Crisis Accountability and Results Act would be fined 25 percent of the profits from their opioid products.
Drug manufacturers who illegally advertise, market or distribute an opioid product would also be stripped of any remaining period of market exclusivity for that opioid product, and would lose half of the remaining exclusivity period on other opioid products they have on the market.
The legislation would also fine any company found liable for contributing to the opioid epidemic $7.8 billion—10 percent of the annual cost of the opioid crisis.
Opioid Epidemic in U.S.
The opioid epidemic is estimated to cost the United States over $78 billion per year. In 2016 alone, over 42,000 people died from opioid overdoses.
From 1999 to 2016, the number of opioid overdose deaths more than tripled, and U.S. life expectancy as a whole fell for the third year in a row in 2017, due in part to the increase in opioid-related deaths.
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