US drug-maker Purdue Pharma, manufacturer of Oxycontin, has filed for bankruptcy. The money to be raised – estimated $10bn-$12bn (£8bn-£9.7bn), including a minimum cash contribution of $3bn from the Sackler family – will go towards settling the thousands of lawsuits that accuse the firm of fuelling the US opioid crisis. On average, 130 Americans die from an opioid overdose every day and more than 200,000 Americans have died from opioid-related overdoses in the last two decades. The lawsuits claim that Purdue and its owners, the billionaire Sackler family, aggressively marketed the prescription painkiller OxyContin and mislead doctors and patients over addiction and overdose risks.
Purdue Pharma was bought by the three late Sackler brothers in the 1950s and incorporated on 14 June 1991. That chart has an uber-enthusiastic Mars Jupiter in flashy Leo in a hard opposition to Saturn and an ultra-determined and ruthless square to Pluto. Plus the can-be-fanatical Uranus Neptune in Capricorn which has moved by Solar Arc to oppose the Mars Jupiter bringing about this bubble-bursting downfall.
The late Arthur Sackler, 22 August 1913, senior of the three, trained in psychiatry and medical advertising and has been blamed for helping “pioneer some of the most controversial and troubling practices in medicine: the showering of favors on doctors, the lavish spending on consultants and experts ready to back a drugmaker’s claims, the funding of supposedly independent commercial interest groups, the creation of publications to serve as industry mouthpieces, and the outright exploitation of scientific research for marketing purposes.” He became a well-known philanthropist and art collector and when he died his estate was estimated at $140 million.
He was a Sun Leo, with a pushily-confident Jupiter in money-magnet Capricorn opposition Pluto; with an unsentimental and hard-edged Saturn Mars in Gemini. His 9th Harmonic which can be humanitarian though also a symbol of greed was exceptionally strong as was his moulding-the-world-to-my-command 5H. He had died by the time his brothers Raymond and Mortimer put the stronger oxycontin on the manufacturing list but his methods of promotion prevailed. They were even more ruthlessly ambitious with a Mars trine Pluto trine Uranus, with Uranus opposition Saturn in Virgo for Raymond; and a Mars opposition Pluto for Mortimer.
Maybe Pluto in Capricorn is doing some good pulling down financial monoliths and exposing destructive greed.