Opioid Company Insys CEO Sentenced

The founder and former head of a specialty pharmaceutical company has been sentenced to five and half years in federal prison for over-seeing a criminal conspiracy that involved bribing a network of doctors to peddle highly addictive and deadly opioids for purposes for which they were never intended. John Kapoor, who headed Insys Therapeutic, built a personal fortune of over $3 billion at the same time that more than 8000 people died of overdoses after taking Subsys, a drug his company produced. “This was an offense of greed,” US District Court Judge said before sentencing. Former vice president of sales and several other managers at Insys were also sentenced to jail time. The company set up a conspiracy to bribe doctors to prescribe the drug for a host of ailments as a way to boost sales. The investigation continues. In late November, physician Kenneth Sun pleaded guilty to taking $140,000 in bribes and kickbacks from Insys sales representatives to prescribe Subsys.

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