A woman addicted to heroin passes out in a park. Photo: Spencer Platt/Getty Images

Richard Sackler, whose family and company made billions from the sale of highly addictive opioid painkillers, has now patented a new and potentially lucrative treatment for opioid addiction, the Financial Times reports.

Why it matters: More than 200,000 people have died from prescription opioid overdoses since 1999. And Purdue Pharma, which the Sackler family owns privately, has become a poster child for the opioid crisis because of the way it aggressively marketed OxyContin despite rampant abuse of that drug.

The details: Richard Sackler is listed on the patent for a new formulation of buprenorphine, one of the leading treatments for opioid addiction, per the FT. Buprenorphine is administered through a tablet or strip that dissolves in patients' mouths; Sackler's version says it would dissolve faster.

Go deeper: The New York Times investigated Purdue and the Sackler family's role in the opioid crisis. So did the Los Angeles Times.

Go deeper

Judge orders Eric Trump to testify in New York probe before election

Photo: Ira L. Black/Corbis via Getty Images

A judge on Wednesday ordered Eric Trump to comply with a subpoena to testify in a New York probe into his family business before the presidential election.

The state of play: New York Attorney General Letitia James (D) last month said her office had filed a lawsuit to compel the Trump Organization to comply with subpoenas related to an investigation into whether President Trump and his company improperly inflated the value of its assets on financial statements.

35 mins ago - Podcasts

Reid Hoffman and Mark Pincus on the rise of Silicon Valley SPACs

Silicon Valley venture capitalists are no longer content with investing in startups and then eventually handing them off. Instead, many are now forming SPACs, or blank-check acquisition companies, to ride tech unicorns into the public markets themselves.

Axios Re:Cap digs into this trend with the co-founders of a new tech SPAC called Reinvent Technology Partners: Reid Hoffman, a co-founder of LinkedIn and partner at Greylock, and Mark Pincus, the founder and former CEO of Zynga.

Updated 49 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2:30 p.m. ET: 31,717,955 — Total deaths: 973,014 Total recoveries: 21,795,005Map.
  2. U.S.: Total confirmed cases as of 2:30 p.m. ET: 6,913,046 — Total deaths: 201,319 — Total recoveries: 2,646,959 — Total tests: 96,612,436Map.
  3. Health: CDC director says over 90% of Americans have not yet been exposed to coronavirus — Supply shortages continue to plague testing.
  4. Politics: Fauci clashes with Rand Paul at COVID hearing: "You're not listening" — FDA chief vows agency will not accept political pressure on coronavirus vaccine.
  5. Vaccines: Johnson & Johnson begins large phase 3 trial — The FDA plans to toughen standards.
  6. Sports: Less travel is causing the NBA to see better basketball.

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