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 illegally 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, bribery and fraud.
Kapoor is the most significant pharmaceutical executive to be criminally charged in response to the nationwide opioid crisis. Continue reading “Drug company founder John Kapoor arrested for alleged opioid scheme”