Founder of opioid maker Insys Therapeutics John Kapoor, 76, was sentenced to 5 1/2 years in prison. The former billionaire, along with other executives, were convicted of organizing a national bribery scheme that ultimately was found to have fueled the opioid epidemic.
Kapoor was given his 66 month sentence for the role he played...Arizona News
Chandler-based drug manufacturer Insys Therapeutics, infamous for the questionable marketing practices of its highly-addictive opioid fentanyl spray Subsys, announced plans to sell off assets to Wyoming-based BTcP Pharma and London-based Hikma Pharmaceuticals in a series of U.S. Securities and Exchange Commission filings.
After...Arizona News
Chandler-based Insys Therapeutics filed for Chapter 11 bankruptcy protection, following a $225 million settlement agreement with the federal government over a criminal and civil investigation into the shady marketing practices to sell its highly addictive fentanyl spray, Subsys.
Due to the declared bankruptcy, Insys will be...Arizona News
Last week, a federal jury found Arizona billionaire John Kapoor and four other executives of Insys Therapeutics guilty of conspiring to bribe doctors to inflate sales for the pain drug Subsys, an opioid approved to treat breakthrough cancer pain that's 100 times stronger than morphine.
Kapoor, the founder and former CEO of Insys...Arizona News
Just this month a former head of sales for Phoenix-based Insys Therapeutics Alec Burlakoff, testified in a Boston federal court recounting directions he followed for years including: recruiting and bribing doctors to increase sales for Subsys. Burlakoff is the second to testify on the highly-addictive drug, following former CEO Michael...National News
Hundreds of lawsuits have been filed by local jurisdictions against manufacturers and distributors of powerful opioid painkillers that are fueling the nation's drug abuse crisis.
The move is part of a broader effort to more aggressively target prescription drugmakers for their role in the epidemic, Attorney General Jeff Sessions said....Arizona News
Kapoor is the founder and former CEO of Chandler-based Insys Therapeutics.
The Arizona Republic reports Kapoor was arrested in Phoenix last month and indicted in federal court in Boston. He is charged with racketeering, mail fraud and wire fraud. Federal prosecutors allege company officials conspired with doctors and other medical...Arizona News
Insys Therapeutics manufactures Subsys, a highly addictive fentanyl spray which is meant only for cancer patients with severe pain.
Jerrold Rosenberg, a Rhode Island doctor, pleaded guilty in U.S. District Court in Providence to one count each of health care fraud and kickbacks conspiracy.
The doctor admitted on Wednesday that he...
The Chandler-based firm manufactures an opioid, Subsys, that contains fentanyl.
Insys began selling Subsys in March 2012 as a sublingual fentanyl spray to manage breakthrough pain in cancer patients through its 250-personal sales force. Last November, Insys was named the fastest growing pharmaceutical company in Arizona, according...
Based in Chandler, the company's former CEO Michael Babich, its regional sales directors and four more former employees allegedly paid pain doctors to ramp up their prescribing habits for Subsys, a spray form of Fentanyl, which is 50 times stronger than heroin and 100 times stronger than morphine.
Federal prosecutors arrested several...