Event

Purdue plan confirmed and effective (2025 to 2026)

Judge Sean Lane confirmed Purdue’s new plan on 18 November 2025, according to Purdue’s lawyers; it took effect on 1 May 2026.

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Knoa Pharma took over Purdue’s operating assets According to Purdue Pharma Scholarship & press 1 2
Purdue Pharma the debtor, dissolved as the plan took effect Scholarship & press 2
U.S. Bankruptcy Court, Southern District of New York confirmed the plan According to Purdue Pharma Self-published 1

Timeline 1 date

Proof 2 sources

Purdue Pharma completes chapter 11 restructuring, Davis Polk & Wardwell LLP (counsel to Purdue Pharma), May 2026. Self-published
As of the effective date, substantially all of the company’s operating assets were transferred to Knoa Pharma LLC
Judge Sean H. Lane, United States Bankruptcy Judge for the Southern District of New York entered an order confirming the company’s plan of reorganization
The plan of reorganization represents the culmination of nearly seven years in chapter 11, which the company commenced in 2019
Purdue Pharma dissolved as $7.4B opioid settlement takes effect; CT to receive $64M, Hartford Business Journal, 4 May 2026. Scholarship & press
As part of the restructuring, Purdue’s operations have been transferred to a newly formed company, Knoa Pharma LLC, which began operating May 1.
Purdue Pharma has been dissolved following the conclusion of its bankruptcy case, putting into effect a $7.4 billion national opioid settlement

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