Tag Archives: Insys

Insys Founder Gets 5½ Years in Prison in Opioid Kickback Scheme

A federal judge sentenced John Kapoor, the founder of the opioid manufacturer Insys Therapeutics, to five and a half years in prison Thursday for his role in a racketeering scheme that bribed doctors to prescribe a highly addictive opioid and misled insurers. The case had been closely watched because it represented a rare criminal inquiry… Read More »

Federal judge overturns part of Insys founder Kapoor’s racketeering conviction

When Insys founder John Kapoor was found guilty on federal racketeering charges in May, it marked the stiffest conviction yet for an opioid executive at the center of the nation’s addiction crisis. Now, a federal judge says prosecutors failed to present enough evidence to support some of those claims—likely lowering Kapoor’s sentence. Prosecutors failed to present evidence showing Kapoor and… Read More »

Struggling Insys swaps CEOs as Subsys marketing crackdown continues

Insys has appointed its next CEO after Saeed Mohatari resigned. (Pixabay) Insys has weathered years of litigation, investigations and allegations of illegal sales practices to pump up powerful painkiller Subsys. Now, hoping to revamp its business and its rep, the company has brought in a new CEO.  The drugmaker Tuesday tapped Andrew Long to replace the… Read More »

Former Insys executive pleads guilty to opioid bribe scheme

BOSTON (Reuters) – A former executive at Insys Therapeutics Inc pleaded guilty on Wednesday to participating in a scheme to bribe doctors to prescribe the company’s powerful opioid medication and entered into a deal to cooperate with prosecutors. Alec Burlakoff (L), former vice president of sales at Insys, arrives to appear in federal court after… Read More »