Does Purdue Pharma still exist?

No. The plan dissolved Purdue and transferred its assets to a new company, Knoa Pharma, owned by an independent foundation and focused on supplying opioid use disorder treatments and overdose-reversal medicines with no obligation to maximise profits. The Sacklers have no interest or role in it, and it operates under a strict injunction overseen by a monitor. The plan went into effect on May 1, 2026.

The sheer scale of the case is reflected in the more than $40 trillion in creditor claims filed during the bankruptcy. The end of Purdue does not end the controversy: people who declined to opt into the releases retain the right to sue individual Sackler family members.