Purdue Pharma L.P.
↗Stamford, Connecticut, United States
Purdue Pharma is a physician-founded and physician-led pharmaceutical company established in 1892 (originally as the Purdue Frederick Company). Relocated to its current headquarters in Stamford, Connecticut in 1952 following acquisition by the Sackler family. The company researches, develops, manufactures, and markets both prescription and over-the-counter pharmaceutical products, with a historical focus on pain management, central nervous system disorders, and gastrointestinal treatments. Purdue has developed multiple marketed medications including the controversial OxyContin (extended-release oxycodone) along with abuse-deterrent formulations. Currently undergoing Chapter 11 bankruptcy reorganization with the intent to emerge as Knoa Pharma, a public benefit company focused on opioid crisis mitigation and non-opioid pain management solutions.
CLASSIFICATION
Company Type:Pharma
Therapeutic Areas:-
Industry:Pharmaceuticals
Sub-Industry:Branded Pharmaceutical Manufacturing
SIZE & FINANCIALS
Employees:1001-5000
Revenue:Not publicly disclosed (estimated $1B+)
Founded:1892
Ownership:private
Status:operating
FUNDING
Stage:N/A - Private
Investors:Sackler Family (historical)
PIPELINE
Stage:Phase 1-Preclinical
Lead Drug Stage:Phase 1
Modalities:Small molecule, Extended-release formulations, Abuse-deterrent technologies, Transdermal systems
Trial Phases:Phase 1: 2
FDA Approvals:15
CORPORATE STRUCTURE
Subsidiaries:Imbrium Therapeutics L.P., Rhodes Pharmaceuticals
Key Partnerships:MMCAP (opioid use disorder medication provision), Various academic institutions for research
COMPETITION
Position:Challenger - Historically market leader in opioid pain medications; currently in restructuring phase with strategic refocus toward non-opioid solutions
Competitors:Johnson & Johnson, AbbVie, Teva Pharmaceutical, Endo Pharmaceuticals, Allergan, Various specialty pharma companies in pain/CNS
LEADERSHIP
Key Executives:
Craig Landau - President & CEO
Steve Miller - Board Chairman
Dr. Marcelo Bigal - Chief Medical Officer
Juan Diego Alonso Succar - Director, Ethics & Compliance
Scientific Founders:John Purdue Gray, George Frederick Bingham
Board Members:Steve Miller (Chairman)
LINKS
Website:pharma.com
LinkedIn:LinkedIn Profile
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