Chapter 33: “Black River”
Chapter 34: “Everything Can Be Abused”
Eventually there was a scientific pushback against the offensive on Valium. Heinz Lehmann, a psychiatrist considered the “father of modern psychopharmacology,” had predicted in 1960 Senate testimony that the overprescribing of mild tranquilizers would create a dependence crisis. Two decades later he had concluded that “sensational horror stories” had unfairly maligned Valium. A JAMA editorial later asked, “Where are all the tranquilizer junkies?,” questioning whether the great scare about the addictiveness of the benzos was mostly wrong. E. R. González, “Where are all the tranquilizer junkies?,” JAMA, May 20, 1983;249(19):2603–4; Andrea Tone, “Listening to the Past: History, Psychiatry, and Anxiety,” Canadian Journal of Psychiatry, June 2005.
Chapter 35: The Age of Biotech
Chapter 36: A “Gay Cancer”
Chapter 37: “None of the Public’s Damned Business”
Chapter 38: A Pain Management Revolution
Chapter 39: Enter Generics
Chapter 40: Selling Hearts and Minds
Chapter 41: “No One Likes Airing Dirty Laundry in Public”
A footnote on page 9 of a twenty-two page report of the independent auditors, Ernst & Young, dated April 9, 1998, states: “The note payable to the Estate of A.M. Sackler, MD bore interest at approximately 14% per annum, payable quarterly through November 13, 1996, at which time the interest rate decreased to 11.75% per annum through November 13, 1997. The note was secured by 250 shares of PRA Holdings, Inc.’s common stock and Mortimer D Sackler M.D. and Raymond R. Sackler M.D. each guaranteed one-half of all amounts due. The balance of the note was paid off on November 14, 1997.” This footnote refers to a line item below “Number 6, Debt,” showing a debt as of December 31, 1996 to AM Sackler estate of $19,654,000 and then nothing due as of the end of December 31, 1997.
Some opioid case plaintiffs tried bringing Arthur Sackler’s estate into the litigation by contending it profited from some Oxy money since the $22 million installment buyout of his Purdue share extended a year past the drug’s sale date. However, the author has verified there was more than enough profit from other Purdue Frederick products to make the final installments to the estate without the need to rely on any OxyContin profits.
Chapter 42: “The Sales Department on Steroids”
Richard Sperber, himself a marketing executive at publicly traded pharmaceutical companies, did business with many privately held drug and biotech firms. “Purdue was always tightly controlled,” he told the author. “However, almost all those family-held companies were like that, they always thought they knew how to run it better than anyone else.” Sperber says that based on his experience, the most control was usually exerted when the companies were run by doctors, as was the case with the Sackler brothers and Richard Sackler taking the lead for the next generation of the family. “They are the worst because they are obnoxious and think they know how to do marketing,” Sperber says. Colleagues of his at private companies often shared stories about how the founders micromanaged the business. Author interview with Richard Sperber, March 26, 2019.
The date of the rollout, 2001, was early in what would become the dominance of the internet for consumers who wanted to quickly obtain information about health-related matters. There were more than thirty thousand websites devoted to health as of 2000 and by 2002, two thirds of respondents to a nationwide poll reported they went online to get health information. Fox and Fallows, 2003, Internet Health Resources, Pew Internet and American Life Project, Washington DC, July 16, 2004.