Insys Therapeutics

From Wikispooks
(Redirected from Insys)
Jump to navigation Jump to search

Group.png Insys Therapeutics  
(Big pharmaWebsiteRdf-icon.png
Insys Therapeutics.png
Formation1990
FounderJohn Kapoor
HeadquartersChandler, Arizona
LeaderInsys/CEO

Insys Therapeutics is a manufacturer of pharmaceuticals, most notably Subsys, a sublingual fentanyl spray which has been linked to the increase in opioid-related deaths in the USA.

Activities

In 2017, the company donated $500,000 to try to defeat a ballot initiative that would make recreational use of marijuana legal under Arizona law.[1]

Arrest

John Kapoor, the founder of Insys, was arrested in October 2017, charged with racketeering and fraud in connection with "a nationwide scheme to push an extremely potent opioid drug containing fentanyl onto patients."[2]

Bankruptcy

In June 2019, facing over 1000 lawsuits, Insys Therapeutics declared bankruptcy.[3]

 

Related Quotation

PageQuoteAuthorDate
Claire McCaskillThis company has repeatedly gotten away with fines that amounted to a slap on the wrist for actions that helped fuel a nationwide epidemic that’s claimed hundreds of thousands of American lives. Anyone, including top executives, who potentially violated criminal law should be aggressively prosecuted.”Claire McCaskillOctober 2017


References