Pharma Billionaire Arrested – Charged with Bribing Doctors to Prescribe Opioids

❝ Insys Therapeutics Inc. founder John Kapoor is accused of helping fuel the U.S. opioid epidemic by bribing doctors to prescribe a powerful form of fentanyl to patients who didn’t need the potent drug.

Kapoor, 74, was arrested Thursday in Arizona and charged with racketeering conspiracy and other felonies. He’s scheduled to appear in a Phoenix court later in the day.

❝ Kapoor and other former Insys executives are also accused of defrauding insurance companies that were reluctant to approve payments for the drug by improperly getting prior authorization directly from the insurers and pharmacy benefit managers…

❝ The opioid epidemic is killing 175 people a day and costing the U.S. economy billions of dollars annually, according to the government. President Donald Trump plans to declare the opioid crisis a public health emergency on Thursday.

Trump did so and – in classic Republican style – refused to allocate or ask for the appropriation of funds to do anything at all to fight this public health emergency. But, he had a chance to smile at the cameras and pretend he isn’t a fake president.

2 thoughts on “Pharma Billionaire Arrested – Charged with Bribing Doctors to Prescribe Opioids

  1. p/s says:

    See also “The Family That Built an Empire of Pain : The Sackler dynasty’s ruthless marketing of painkillers has generated billions of dollars—and millions of addicts.” (New Yorker Oct 30 issue)
    Purdue Pharma—a privately held company, based in Stamford, Connecticut, developed the prescription painkiller OxyContin, which has reportedly generated some thirty-five billion dollars in revenue for Purdue.

  2. Update says:

    “Company that caused fentanyl addiction granted preliminary approval to sell synthetic cannabis : The DEA just approved Insys to distribute synthetic forms of cannabis. They did this despite the company’s history of abuse” “Insys recently faced legal action related to its opioid-related products, which were falsely marketed. While the fentanyl spray was only meant for cancer patients, the CEO, former executives, and former managers allegedly bribed practitioners to prescribe “Subsys” to patients who were not diagnosed with cancer to increase profit margins. The FBI arrested its former CEO, John N. Kapoor, and five other executives in October on charges of racketeering related to the case. The company is also developing a product to treat opioid overdoses and is currently in Phase 2 of FDA trials for the development of a synthetic form of CBD.”

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