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JP Morgan cuts ties with OxyContin maker Purdue Pharma

Hugh Son

J.P. Morgan, the largest U.S. bank by assets, becomes the most high-profile corporation known to have disassociated itself from the OxyContin maker. The move forced Purdue to look for other banks to manage its bills and cash. Purdue, owned by the wealthy Sackler family, faces thousands of lawsuits claiming that the company marketed addictive painkillers while underplaying the risks of abuse and overdose.