PURDUEPHARMA - Purdue Pharma LP

On May 1, 2026, Purdue Pharma stopped operating. That sentence sounds final in a way the underlying accountability story is not. The medicines, manufacturing assets and regulatory obligations did not disappear. They moved into Knoa Pharma, a new public-benefit company owned by an independent nonprofit foundation. The old owner group lost control. Court-ordered restrictions followed the business. Trusts received value. A document repository became a legal obligation. Personal-injury claims entered an administrative process. The corporation’s federal sentence, accepted three days earlier, remained connected to bankruptcy credits and payment mechanics rather than becoming a single, simple chequ