PHARMACEUTICAL CEO ARRESTED IN OPIOID PROBE
The CEO of Insys Therapeutics, which makes a spray form of fentanyl, was arrested on charges of fraud and racketeering. It seems that he and his company have been under scrutiny for some time due to their unethical and illegal practice of enticing physicians to prescribe more of their controlled medications.
Fentanyl is a very potent opiate, roughly 100 times as strong as morphine. Subsys, the spray form of fentanyl produced by Insys Therapeutics, was approved by the FDA for treatment of cancer-related pain only. However, the company and its salespeople have been pushing this drug onto many patients with non-cancer pain. The drug has clearly been very profitable for this company, and for the CEO – John Kapoor. But, as it turns out, these profits have been built up on clearly illegal practices.
Fentanyl has been in the news quite a bit lately as it has led to many overdoses and deaths across United States and Canada. Mostly, this is due to the heroin being ‘cut’ with fentanyl, in order to increase its potency. However, this has caused many unsuspecting users to overdose who probably did not know that there was fentanyl in the heroin they were using.
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Pharmaceutical Founder Arrested In Alleged Nationwide Opioid Scheme n.pr John Kapoor, who co-founded Insys Therapeutics, has been charged with racketeering and fraud for allegedly bribing doctors to overprescribe the company’s powerful opioid spray.