BOSTON: The founder of drugmaker Insys Therapeutics Inc and four colleagues were found guilty on Thursday of bribing doctors to prescribe an addictive painkiller, helping to drive the U.S. opioid drug abuse crisis.
Prosecutors charged that Kapoor oversaw a wide-ranging scheme to bribe doctors nationwide by retaining them to act as speakers at sham events at restaurants ostensibly meant to educate clinicians about its fentanyl spray, Subsys. Michael Babich, who resigned as Insys' chief executive in 2015, pleaded guilty to his role in the scheme in January and became a key witness for prosecutors.The U.S. Food and Drug Administration approved Subsys in 2012 only for use in treating severe cancer pain. Yet prosecutors claimed doctors who took bribes often prescribed Subsys to patients without cancer, helping boost sales for Chandler, Arizona-based Insys.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Drug company founder, execs convicted of bribe scheme that fueled US opioid epidemicJurors on Thursday said they had reached a verdict in the trial of the founder of Insys Therapeutics Inc and four colleagues accused of bribing ...
Read more »