Can Fentanyl Spray Maker Insys Survive As It Distances Itself From Founder Who Was Just Arrested? - News Summed Up

Can Fentanyl Spray Maker Insys Survive As It Distances Itself From Founder Who Was Just Arrested?


His fortune is down only about $100 million since he was arrested and charged with RICO conspiracy, conspiracy to commit mail and wire fraud, and conspiracy to violate the Anti-Kickback law on Oct. 26. Kapoor has been steadily removing himself from the company's operations, as investigations into the company's sales and marketing practices of powerful fentanyl spray Subsys have mounted. Kapoor's arrest sent Insys' stock tumbling, though. Insys released a statement Monday that it had answered the questions and was awaiting a response from NASDAQ. The statement also noted that the DOJ had not accepted Insys' $150 million settlement offer.


Source: Forbes October 30, 2017 16:41 UTC



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