Advisory Board December 1, 2025
Merck recently announced plans to acquire Cidara Therapeutics, which has developed an experimental flu prevention drug, for $9.2 billion, in today’s bite-sized hospital and health industry news from Connecticut, New Jersey, and Virginia.
- Connecticut/New York: A New York bankruptcy court has approved Purdue Pharma’s opioid-related settlement plan, which is worth at least $7.4 billion and will resolve mass lawsuits against the company for its role in the opioid crisis. According to the Wall Street Journal, the settlement will largely be funded by the Sackler family, the owners of Purdue Pharma. Although the Sackler family has denied any wrongdoing, they agreed to fund $6.5 billion in settlement payments over time. Purdue will provide an additional $900 million. Under the...
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