Diseases, Conditions, Syndromes

EU to open borders to 'safe' countries as pandemic accelerates

The European Union will reopen its borders to a select list of "safe countries" to be confirmed Tuesday, as the WHO warned the pandemic is still accelerating with more than 500,000 deaths worldwide.

Medications

Purdue Pharma begins Chapter 11 bankruptcy journey

Purdue Pharma gets its day in court Tuesday after the OxyContin maker filed for bankruptcy and negotiated a potential multi-billion dollar settlement to resolve thousands of lawsuits.

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Bankruptcy

Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).

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