American billionaire businessman and physician who was the chairman and president of Purdue Pharma, Richard Stephen Sackler was a key figure in the development of Oxycontin being the moving force behind Purdue Pharma’s research around 1990 that pushed Oxycontin to replace MS Contin that was about to have generic competition.
Where Are The Sacklers Now?
The Sackler brothers were born in Brooklyn to Jewish immigrant parents, and all three later became physicians. Arthur, the oldest, eventually pursued a lucrative career in pharmaceutical marketing.
The Sackler family still holds the title of one of America’s wealthiest families. Made up of over 40 members between descendants from the three original Sackler brothers, its wealth and heirs now span several generations.
Just watched PainKiller, the terrific new Netflix miniseries on Purdue & OxyContin. Had forgotten the role Rudy Giuliani played on the Sacklers’ behalf. Amazing lowlife.
— Al Franken (@alfranken) August 12, 2023
Arthur, passed away in 1987 before OxyContin was even invented. However, he did spearhead the evolution of pharmaceutical advertising, as well as the marketing of Librium and Valium.
As a doctor, he wanted to move away from the more intrusive treatments of the 1940s, such as electroshock therapy, which is why he was a staunch supporter of prescription medicine.