Unit of drugmaker Insys to plead guilty to U.S. opioid bribe scheme [Reuters]
INSYS THERAPEUTICS (INSY)
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Source: Reuters
Unit of drugmaker Insys to plead guilty to U.S. opioid bribe scheme - Reuters 3 Min Read BOSTON, June 7 (Reuters) - A unit of Insys Therapeutics Inc is set to plead guilty on Friday to fraud charges as part of an $225 million deal with the U.S. Justice Department resolving claims that the drugmaker bribed doctors to prescribe an addictive opioid medication. The expected plea in federal court in Boston by the Chandler, Arizona-based Insys’ operating subsidiary is coming in one of the few criminal prosecutions to date of a corporation accused of helping fuel the nation’s deadly opioid epidemic. The plea deal was announced on Wednesday, a month after a federal jury found wealthy Insys founder John Kapoor and four other former executives and managers guilty of engaging in a vast racketeering conspiracy. Insys is facing growing financial pressures as a result of the U.S. probe and a decline in sales of its flagship fentanyl pain product, Subsys, which it has said could prompt the company t
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