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G_j

(40,367 posts)
Tue Oct 24, 2017, 12:28 PM Oct 2017

Sackler dynastys ruthless marketing of painkillers has generated millions of addicts

Last edited Tue Oct 24, 2017, 02:40 PM - Edit history (2)

https://www.newyorker.com/magazine/2017/10/30/the-family-that-built-an-empire-of-pain?mbid=social_facebook

The Family That Built an Empire of Pain

The north wing of the Metropolitan Museum of Art is a vast, airy enclosure featuring a banked wall of glass and the Temple of Dendur, a sandstone monument that was constructed beside the Nile two millennia ago and transported to the Met, brick by brick, as a gift from the Egyptian government. The space, which opened in 1978 and is known as the Sackler Wing, is also itself a monument, to one of America’s great philanthropic dynasties. The Brooklyn-born brothers Arthur, Mortimer, and Raymond Sackler, all physicians, donated lavishly during their lifetimes to an astounding range of institutions, many of which today bear the family name: the Sackler Gallery, in Washington; the Sackler Museum, at Harvard; the Sackler Center for Arts Education, at the Guggenheim; the Sackler Wing at the Louvre; and Sackler institutes and facilities at Columbia, Oxford, and a dozen other universities. The Sacklers have endowed professorships and underwritten medical research. The art scholar Thomas Lawton once likened the eldest brother, Arthur, to “a modern Medici.” Before Arthur’s death, in 1987, he advised his children, “Leave the world a better place than when you entered it.”

Mortimer died in 2010, and Raymond died earlier this year. The brothers bequeathed to their heirs a laudable tradition of benevolence, and an immense fortune with which to indulge it. Arthur’s daughter Elizabeth is on the board of the Brooklyn Museum, where she endowed the Elizabeth A. Sackler Center for Feminist Art. Raymond’s sons, Richard and Jonathan, established a professorship at Yale Cancer Center. “My father raised Jon and me to believe that philanthropy is an important part of how we should fill our lives,” Richard has said. Marissa Sackler, the thirty-six-year-old daughter of Mortimer and his third wife, Theresa Rowling, founded Beespace, a nonprofit “incubator” that supports organizations like the Malala Fund. Sackler recently told W that she finds the word “philanthropy” old-fashioned. She considers herself a “social entrepreneur.

When the Met was originally built, in 1880, one of its trustees, the lawyer Joseph Choate, gave a speech to Gilded Age industrialists who had gathered to celebrate its dedication, and, in a bid for their support, offered the sly observation that what philanthropy really buys is immortality: “Think of it, ye millionaires of many markets, what glory may yet be yours, if you only listen to our advice, to convert pork into porcelain, grain and produce into priceless pottery, the rude ores of commerce into sculptured marble.” Through such transubstantiation, many fortunes have passed into enduring civic institutions. Over time, the origins of a clan’s largesse are largely forgotten, and we recall only the philanthropic legacy, prompted by the name on the building. According to Forbes, the Sacklers are now one of America’s richest families, with a collective net worth of thirteen billion dollars—more than the Rockefellers or the Mellons. The bulk of the Sacklers’ fortune has been accumulated only in recent decades, yet the source of their wealth is to most people as obscure as that of the robber barons. While the Sacklers are interviewed regularly on the subject of their generosity, they almost never speak publicly about the family business, Purdue Pharma—a privately held company, based in Stamford, Connecticut, that developed the prescription painkiller OxyContin. Upon its release, in 1995, OxyContin was hailed as a medical breakthrough, a long-lasting narcotic that could help patients suffering from moderate to severe pain. The drug became a blockbuster, and has reportedly generated some thirty-five billion dollars in revenue for Purdue.


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Sackler dynastys ruthless marketing of painkillers has generated millions of addicts (Original Post) G_j Oct 2017 OP
I'm glad a light is being shined on these oligarchs Bradshaw3 Oct 2017 #1
Thanks for posting that genxlib Oct 2017 #2
Hall of shame G_j Oct 2017 #4
The sackofshit family knew OxyContin was addictive as hell... Raster Oct 2017 #3

Bradshaw3

(7,522 posts)
1. I'm glad a light is being shined on these oligarchs
Tue Oct 24, 2017, 12:56 PM
Oct 2017

I wish others would be as well. The Kochs give all kinds of money for worthy causes but that doesn't negate the way they earn their money or how they spend much much more on ruining our democracy. People need to be held accountable, including the very rich like the Sacklers who are no better than any other high level drug dealers - worse in many ways. They knew exactly what they were doing with their time release effect, as the article in Esquire pointed out.

genxlib

(5,528 posts)
2. Thanks for posting that
Tue Oct 24, 2017, 01:38 PM
Oct 2017

Fascinating article.

This jumped out at me "In 1997, Arthur was posthumously inducted into the Medical Advertising Hall of Fame..."

The fact that there is a hall of fame for Medical Advertising tells us everything we need to know about the industry. That was the most shocking thing I have read in a while and yet it is completely unsurprising. That makes me ill in a way that no pharmaceutical can cure.

Raster

(20,998 posts)
3. The sackofshit family knew OxyContin was addictive as hell...
Tue Oct 24, 2017, 02:07 PM
Oct 2017

...THEY KNEW IT, and yet, they did everything they could to keep their cash cow robust and healthy, leaving swathes of overdoses in its wake.

I hope Purdue and the Sackofshiters get sued for EVERYTHING THEY OWN, and then some.

I've known several persons who've overdosed and died, that began their addictions with OxyContin. I knew a woman in WA that HAD MULTIPLE ONGOING SCRIPTS for OxyContin. She was on disability and sold the pills to supplement her meager income. Her own son was one of her pill buyers and resellers was an addict, as was his wife.

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