CHANDLER, AZ — A Valley-based pharmaceutical company has admitted to bribing doctors in exchange for doling out more prescriptions of a highly addictive opioid, and will pay the government $225 million in a settlement, according to NPR.
Chandler-based Insys Therapeutics has agreed to settle with the federal government over its investigations into the company's marketing practices.
The move comes a month after several former Insys executives — including founder and former billionaire John Kapoor — were found guilty in federal court on racketeering charges related to those same practices.
Per the deal with the government, Insys admits to bribing doctors through a sham speaker's program that paid doctors not for speaking but for additional prescriptions for Subsys, a highly addictive cancer drug.
Read more about the settlement from the Phoenix Business Journal.