The former chief executive of Insys Therapeutics Inc has agreed to plead guilty to participating in a scheme to bribe doctors to prescribe a powerful opioid medication sold by the company, U.S. prosecutors said on Wednesday. Michael Babich, who resigned as the Arizona-based drugmaker’s CEO in 2015 and was slated to face trial next month,… Continue reading Former Insys CEO to Plead Guilty to Opioid Kickback Scheme
Tag: biotech
Opioid Industry Fights Efforts to Make It Pay for Crisis
Opioid makers and distributors are fighting a novel New York state law that aims to collect hundreds of millions of dollars from the industry to help defray costs of the opioid crisis, with some companies re-engineering their supply chain to avoid the new tax. Companies and trade groups have argued in three legal challenges filed… Continue reading Opioid Industry Fights Efforts to Make It Pay for Crisis