Drug Firm Founder Pleads Not Guilty to Opioid Conspiracy
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Tuesday, December 12, 2017 08:33 AM

A pharmaceutical company founder accused of leading a conspiracy to bribe doctors to prescribe a powerful opioid pain medication will fight the charges against him and believes he will be vindicated.  John Kapoor, of Insys Therapeutics Inc., pleaded not guilty in Boston’s federal courthouse.  Kapoor, 74, and other Insys executives and managers are charged with offering kickbacks to doctors to write large numbers of prescriptions for the potent opioid that’s meant for cancer patients.

The case centers on a highly addictive fentanyl spray that’s made by Insys Therapeutics, a specialty pharmaceutical company whose corporate offices are in Chandler, Ariz.

The charges against Kapoor of racketeering conspiracy, mail fraud conspiracy and wire fraud conspiracy each carry a sentence of up to 20 years in prison upon conviction. Conspiracy to violate the anti-kickback laws calls for up to five years in prison.

Kapoor emigrated from India decades ago, is now a U.S. citizen and handed over his passport to authorities after his arrest.

An Assistant U.S. Attorney said prosecutors fear he will flee the country, adding that they believe he has access to at least $2 billion.

Source: https://www.statnews.com/2017/11/16/insys-john-kapoor-opioid-conspiracy/