Market Overview

Dr. Raymond Sackler, Physician and Supporter of Research Science, Dies at 97


It is with deep sadness that Purdue Pharma L.P. today announced the
death of one of its co-founders, Dr. Raymond Sackler. Dr. Sackler died
on July 17, after a brief illness. He was 97 years old.

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Dr. Raymond Sackler and Beverly Sackler. (Photo: Business Wire)

Dr. Raymond Sackler and Beverly Sackler. (Photo: Business Wire)

Dr. Raymond Sackler was a noted philanthropist, physician, entrepreneur,
business leader, husband, father, grandfather, friend, and mentor to
many. For more than 50 years, Dr. Sackler and his wife contributed
directly and through the Raymond and Beverly Sackler Foundations to
areas spanning biomedical research, the physical and engineering
sciences, and the arts.

Dr. Sackler and his brothers, Arthur and Mortimer, both also deceased,
represented one of the nation's most renowned philanthropic families,
associated with the Sackler Wing at the Metropolitan Museum of Art, in
New York City, the Freer and Sackler Gallery at the Smithsonian
Institute in Washington as well as notable cultural, scientific, and
educational institutions around the world.

Dr. Sackler began his education at Erasmus High School in Brooklyn and
attended New York University, where he received his B.S. in 1938. He
then pursued his medical degree, beginning at Anderson College of
Medicine in Glasgow, Scotland, where he volunteered in the UK home guard
and plane spotter in the first year of World War II. Due to the war, he
completed his studies at the Middlesex University School of Medicine, on
the site of current day Brandeis University in Waltham, Massachusetts,
where in 1944 he received an M.D. He was certified in psychiatry by the
American Board of Psychiatry and Neurology.

Early in his career, Dr. Sackler moved strongly away from then dominant
Freudian psychiatric model and explored and participated in research at
the frontiers of psychopharmacology, the field which has transformed the
treatment of most psychiatric illness recognized today.

Based on his background in medicine and medical research, Dr. Sackler
and his brother Dr. Mortimer, purchased Purdue in 1952 and moved its
offices to Christopher Street in New York City. They began a
pharmaceutical business that has continued to operate for 65 years, in
the United States and around the world, developing and marketing
medicines, healthcare products and antiseptics for pain management,
respiratory, gastrointestinal and other conditions.

Certified by the American Board of Psychiatry and Neurology in 1957, and
a Distinguished Life Fellow of the American Psychiatric Association, Dr.
Sackler, with his two brothers, Arthur and Mortimer Sackler, were
co-founders of the Creedmoor Institute for Psychobiological Studies in
New York City, where they engaged in research in the biology of biology
of schizophrenia and psychosis.

Among the many honors Dr. Sackler earned are honorary degrees from Tel
Aviv University, The University of Connecticut and Tufts University. He
received knighthoods in three European Countries. He was awarded The
Honorary Knight Commander, Order of the British Empire, (KBE); Officier
de la Légion d'honneur (France), and was an Officer in the Order of
Orange Nassau (The Netherlands).

Dr. Sackler's philanthropy also included the establishment and endowment
of schools, institutes, centers, departments, endowed chairs,
professorships, fellowships, and research awards in the biomedical and
physical sciences, as well as lectureships at academic institutions
around the world.

He was an early adoptor and provided major philanthropic support for
Convergence Research, the increasing importance of mathematics, physics,
and engineering sciences in forging deeper understanding of biology in
its transformation from a largely qualitative to an increasing
quantitative field. The sequencing and unraveling of the complexities of
the human genome, emergence of nanotechnology and rapid advances in
biological imaging are only a few examples of Convergence Research
supported by Dr. Sackler's generosity and vision.

Dr. Sackler counted among his friends and associated with a host of
scientific and academic experts, including Nobel Laureates Joshua
Lederberg, Emilio G. Segrè, Julius Axelrod, Phillip Sharp, Martin
Chalfie, Sir Keith Peters, and Sir Martin Rees.

He is survived by his wife Beverly, and their two sons.

The family has asked that anyone wanting to make memorial contributions
consider contributing in his name to Greenwich Hospital, 5 Perryridge
Road, Greenwich, CT 06830.

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