Sydney Lufkin

The Sackler family will pay up to $7 billion to Purdue's creditors as part of a restructuring plan a federal judge said he would approve in the coming days.

The United States Bankruptcy Court for the Southern District of New York heard from people affected by the opioid crisis as well as nearly 20 expert witnesses, according to a statement from Purdue.

The plan will also provide a pool of up to $865 million to compensate individual victims.

Purdue will dissolve as part of the arrangement and emerge as a new company, Noah Pharma.

It will focus on providing opioid use disorder treatments and overdose reversal medicines with no obligation to maximize profits.

The new company will not involve the Sacklers.

Sydney Lufkin, NPR News.