America bleeds, who profits? Secrets of one of America’s richest families to be aired court – including the tactics they used to promote OxyContin to pocket billions – Pharma giants, Sackler family, accused of profiting from opioid crisis
Secrets of one of America’s richest families – including the tactics they used to promote OxyContin to pocket billions set be exposed in court
In Massachusetts, a judge declared on Tuesday that the case would be unsealed, in lawsuit that has accused Pharmaceuticals owning dynasty of profiting from the nation’s opioid crisis
The full lawsuit, which hitherto has been heavily redacted and has not been released publicly – must now be released, free of redacts, by Feb 1, by court order
It is expected to expose for the first time, the tactics the family used to not only push the highly addictive painkiller through the pharmaceutical industry and into millions of American homes and hospitals
It wil also reveal efforts they took to ‘circumvent safeguards put in place to stop illegal prescription’
The Sackler family, owners of Purdue Pharma which is being sued by several states, cities and counties, waged protracted legal battle to keep proceedings sealed
Family allegedly cashed in on the nation’s opioid crisis, made billions by marketing and selling OxyContin since 1995
It means the family, which is notoriously private, will have to lay bare truths about how they promoted the drug and how they run the business
Purdue is worth an estimated $14billion but the Sackler’s family wealth is hard to pin down
Immensely wealthy descendants now grace the social circuits of several continents, they live extravagantly across the US and in London, where some members of the dynasty have been honored with knighthoods
The business was founded by three physician brothers Raymond, Arthur and Mortimer Sackler who are now all dead
The family of the oldest and original founding brother, Arthur Sackler, long ago bought out at his death
Arthur’s children no longer associate with the other branched of the family, and are not involved in the business
Three brothers, Arthur [left], Mortimer [center], and Raymond Sackler, all physicians, founded what has become the pharmaceutical giant, Purdue Pharma. The company prosecutors said, has made billions by marketing and selling the opioid, OxyContin, since 1995
The secrets of the Sackler family, the pharmaceutical dynasty who own the company accused of sparking America’s opioid crisis with its mass production and aggressive marketing of OxyContin, will be laid bare in court despite their efforts to keep them private.
On Monday, Suffolk County Superior Court Judge Janet Sanders rejected the family’s attempts to keep the lawsuit filed against them and their company sealed. The Sackler family wanted to keep details of the suit was filed against pharmaceutical giant Purdue Pharma, by the state of Massachusetts out of the public purview, but the judge ruled that the details they seek to protect belong in the public domain. The full lawsuit, which hitherto has been heavily redacted and has not been released publicly – must now be released, free of redacts, by February 1.
It will expose for the first time the tactics the family used to not only push the highly addictive painkiller through the pharmaceutical industry and in to millions of American homes and hospitals, but also the efforts to ‘circumvent safeguards put in place to stop illegal prescription,’ according to Sanders. This is the anticipated outcome after Judge Janet Sanders ruled against the family’s attempts to keep the lawsuit sealed on Monday. Judge Janet Sanders [photo], denied motion by Sackler defense team to keep the lawsuit sealed on Monday.
OxyContin, has been widely blamed for the opioid crisis
The drug OxyContin [left], has been widely blamed for the opioid crisis
Theresa, 69, was Mortimer’s third wife. Together they have three daughters, Samantha Hunt, Marissa Sackler and Sophie Sackler, who were all raised in London. When her husband was still alive, they donated the Raymond and Beverly Sackler Institute for Biological, Physical and Engineering Sciences at Yale. It now employs 50 people across 20 departments. Theresa owns a $45million Upper East Side apartment building but lives mostly in the UK at Rooksnest, a 10-acre estate in the Berkshire countryside. Ilene [right], is Mortimer’s oldest daughter. She is pictured in 1999 opening the Sackler Institute for Developmental Psychobiology. She is known in the UK as Dame Theresa Sackler, a title she was awarded for her sustained philanthropy and support of the arts. Theresa is the more publicly visible of the two. Until recent years, she was frequently photographed on the New York City and London party circuit hob-knobbing with the likes of the late architect Zaha Hadid. Ilene Sackler Lefcourt, 72. Ilene is Mortimer’s oldest daughter with Muriel Lazarus, a Scottish doctor and Mortimer’s his first wife. She was listed as a director of Purdue’s sister company, UK-based Napp Pharamaceutical Holdings, as of December 2016. She lives in an apartment in an iconic Upper West Side which she owns. Its total value is estimated to be more than $122million.
Kathe is Mortimer’s second daughter with Muriel and is one of the directors of Napp, a UK-based company which also sold OxyContin. She owns two suburban properties in Connecticut which are separated by another owned by someone else and she lives in an Upper East Side townhouse with her wife, Susan Shack Sackler. They had a brother, Robert Mortimer Sackler, who died. Mortimer David Alfons Sackler, 47. The only son of founding brother Mortimer, The younger Mortimer’s mother is Gertraud Wimmer. She was Mortimer’s second wife. He owns a luxury condo building in Boston and lives in New York City with his 42-year-old wife Jacqueline. The couple are a regular fixture on the Manhattan social circuit. Their Amagansett home has also been featured in Vogue.
Mortimer David Alfons Sackler, 47, with his wife, Jaqueline. Their Hamptons home has been featured in Vogue. Jacqueline is shown, right, with Ivanka Trump in 2007
Brothers Jonathan and Richard Sackler Jonathan, 63, and Richard, 73, are Raymond and Beverly’s two sons. Jonathan and his wife live in Greenwich, Connecticut, in a property next to his mother’s. Richard is not far away in neighboring Stamford. They have a cancer research center named after them at Yale and have both held positions at Purdue. Second Generation managers: Brothers Jonathan, left, and Richard, right. Richard headed Purdue from 1999 to 2003 and oversaw much of the increasing sales of OxyContin as it was being advertized
‘My father raised Jon and me to believe that philanthropy is an important part of how we should fill our lives,’ Richard said of the pair once. Richard headed Purdue from 1999 to 2003 and oversaw much of the increasing sales of OxyContin as it was being advertised. As of December 2016, he was still listed as a director of sister company Napp Pharmaceuticals and now lives on a sprawling estate outside of Austin, Texas that features six bedrooms, six bathrooms, a pool and stunning views of Lake Austin. He moved there after his divorce. The grandson heir: Richard Sackler’s son, David Sackler, 38, is the youngest member of the family named in the Massachusetts lawsuit. Last year, he paid cash for a $22.5million Bel Air mansion set in a 10,000 acre estate.
David owns a 20 floor apartment building in the Upper East Side and two other apartments in the city too. David is married to Joss Sackler, an Instagram-enthusiast who runs the members-only women’s social club, LBV.
Arthur Sackler, 1913-1987
Arthur, a doctor and psychiatrist, founded a research laboratory in 1938, but Arthur’s real genius was in marketing, and he leveraged it to sell a number of medications, including the anti-anxiety drug, Valium. He owned one-third of Purdue Pharma, which he and his younger brothers Mortimer and Raymond co-founded out of a series of smaller companies they had bought. Arthur remained a relatively silent partner in the old Purdue, and died in 1987 before it became the company we know it as today. He never saw any of Purdue’s OxyContin profits. He donated the funds to open a number of medical education programs, libraries and museums. After his death in 1987, his brothers bought Arthur’s portion of Purdue and one of his four children, daughter Elizabeth, has largely taken over his philanthropy work. He died aged 73 from a heart attack.
Mortimer Sackler, 1916-2010
Mortimer was an American physician and psychiatrist. He and his brothers, the older Arthur and the younger Raymond published prolific medical research before buying a number of pharmaceutical companies, including, in 1952, Purdue Pharma. After Arthur’s death Mortimer and Raymond bought out his descendants’ share of Purdue Pharma, and in 1991 they created the company that would become a pain management giant we now know. Mortimer became a lavish arts patron, known for equally extravagant donations and parties, beginning in the 1970s. He died in 2010.
Raymond Sackler, 1920-2017
Raymond was a doctor like his older brothers, and the three were partners in all things until each of their deaths. Together with Mortimer, Raymond found success with their opioid painkiller, OxyContin, which became the Purdue Pharma’s signature drug. Raymond was milder and more private than his brother, Mortimer. Raymond had two children, Richard and Jonathan, before his death.