Sackler family

Sackler family is a wealthy and influential family known for their ownership of Purdue Pharma, a company that has been at the center of the Opioid epidemic in the United States. The family's history is closely tied to the development of pharmaceuticals and medical research, with notable connections to institutions such as Harvard University, Columbia University, and the University of Oxford. The Sacklers have also been associated with prominent figures like Albert Einstein, Franklin D. Roosevelt, and Nelson Rockefeller. Their business dealings have involved companies like Johnson & Johnson, Merck & Co., and Bristol-Myers Squibb.

Introduction

The Sackler family's rise to prominence began with Arthur Sackler, who, along with his brothers Mortimer Sackler and Raymond Sackler, built a pharmaceutical empire through innovative marketing and research. Their company, Purdue Pharma, developed and marketed several successful drugs, including OxyContin, which became a highly prescribed pain management medication. The family's success has been marked by associations with esteemed organizations such as the American Medical Association, the National Institutes of Health, and the World Health Organization. Notable individuals like Bill Clinton, Al Gore, and Rudy Giuliani have also been connected to the Sacklers through various events and initiatives.

History

The Sackler family's history is rooted in Brooklyn, New York, where the brothers grew up and developed an interest in medicine and pharmacology. They attended New York University and later became involved in the pharmaceutical industry, working with companies like Schering-Plough and Pfizer. The family's early success was marked by the development of Valium, a highly popular anxiolytic medication. Their involvement in the pharmaceutical industry has also included connections to GlaxoSmithKline, AstraZeneca, and Eli Lilly and Company. The Sacklers have been recognized for their contributions to medical research by institutions such as the National Academy of Sciences, the Institute of Medicine, and the Royal Society.

Business interests

The Sackler family's business interests have expanded beyond Purdue Pharma to include investments in companies like Microsoft, Apple Inc., and Google. They have also been involved in the development of biotechnology and genomics through connections to companies like Illumina, Inc. and Regeneron Pharmaceuticals. The family's business dealings have been influenced by their relationships with prominent figures like Warren Buffett, Bill Gates, and Mark Zuckerberg. Their investments have also included companies like Amazon, Facebook, and Tesla, Inc., as well as institutions like the Federal Reserve and the International Monetary Fund.

Philanthropy

The Sackler family has been recognized for their philanthropic efforts, particularly in the areas of art and education. They have made significant donations to institutions like the Metropolitan Museum of Art, the Louvre, and the British Museum. The family has also been involved in supporting medical research and public health initiatives through organizations like the Bill and Melinda Gates Foundation, the World Health Organization, and the Centers for Disease Control and Prevention. Notable individuals like Elton John, Bono, and Angelina Jolie have also been associated with the Sacklers through various charitable events and initiatives.

Opioid epidemic controversy

The Sackler family has been at the center of controversy surrounding the Opioid epidemic in the United States, with many critics accusing them of aggressively marketing OxyContin and downplaying its risks. The family has faced numerous lawsuits and investigations, including those led by Attorney General Jeff Sessions and the Federal Trade Commission. The controversy has also involved companies like McKesson Corporation, Cardinal Health, and AmerisourceBergen, as well as institutions like the Food and Drug Administration and the Drug Enforcement Administration. Notable figures like Donald Trump, Mike Pence, and Nancy Pelosi have also been involved in addressing the opioid epidemic and its connection to the Sackler family.

Family members

Notable members of the Sackler family include Arthur Sackler, Mortimer Sackler, and Raymond Sackler, who built the family's pharmaceutical empire. Other notable family members include Richard Sackler, who has been involved in the development of OxyContin, and Theresa Sackler, who has been recognized for her philanthropic efforts in the area of art conservation. The family has also been associated with prominent individuals like Prince Charles, Queen Elizabeth II, and Pope Francis through various events and initiatives. The Sacklers have been connected to institutions like Yale University, Stanford University, and the University of California, Berkeley, as well as companies like Goldman Sachs, JPMorgan Chase, and Morgan Stanley. Category:American business families