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Federal agents arrested the founder of a major drug company in an early-morning raid Thursday on charges stemming from an alleged scheme to get doctors to prescribe a powerful opioid to patients who don't need it.
John Kapoor, 74, was taken into custody in Phoenix, Arizona. Kapoor is the billionaire founder and former CEO of the pharmaceutical company Insys Therapeutics. He faces charges including racketeering, conspiracy and fraud.
John Kapoor, founder and former CEO of Insys TherapeuticsINSYS
Kapoor is the most significant pharmaceutical executive to be criminally charged in response to the nationwide opioid crisis.
originally posted by: seasonal
a reply to: xuenchen
What didn't John Kapoor pay enough "lobby money" to people in high places to keep him "safe"?
originally posted by: TobyFlenderson
a reply to: xuenchen
It's about time. Wonder if he'll do a day in jail? If he does do time, it better be in max. security like all of the other drug dealers they've locked up over the decades.
Insys Therapeutics, a pharmaceutical company that was one of the chief financial backers of the opposition to marijuana legalization in Arizona last year, received preliminary approval from the Drug Enforcement Administration this week for Syndros, a synthetic marijuana drug.
Insys gave $500,000 last summer to Arizonans for Responsible Drug Policy, the group opposing marijuana legalization in Arizona. The donation amounted to roughly 10 percent of all money raised by the group in an ultimately successful campaign against legalization. Insys was the only pharmaceutical company known to be giving money to oppose legalization last year, according to a Washington Post analysis of campaign finance records.
Syndros is a synthetic formulation of THC, the main psychoactive component in the cannabis plant. It was approved by the FDA last summer to treat nausea, vomiting and weight loss in cancer and AIDS patients. [...]