OPIOID CRISIS ARREST: John Kapoor/Insys Therapeutics. Most significant pharm exec charged with racketeering, conspiracy & fraud in response to opioid crisis.
Is big pharma board up? Might find some leads here…
"John Kapoor, 74, was taken into custody in Phoenix, Arizona. Kapoor is the billionaire founder and former CEO of the pharmaceutical company Insys Therapeutics. He faces charges including racketeering, conspiracy and fraud…
Kapoor is the most significant pharmaceutical executive to be criminally charged in response to the nationwide opioid crisis…
Kapoor stepped down as CEO of Insys in January but still serves on its board. The company makes a spray version of fentanyl, a highly addictive opioid intended only for cancer patients. Authorities allege Insys marketed the drug as part of a scheme to get non-cancer doctors to prescribe it. Numerous physicians were allegedly paid bribes by the company to push the painkilling drug…
Last December, six other Insys executives were indicted on federal charges in Boston in connection with the alleged scheme to bribe doctors to unnecessarily prescribe the painkilling drug."
http:/ /wivb.com/2017/10/26/prominent-ub-alum-and-donor-arrested-for-alleged-opioid-scheme/