Former Insys CEO pleads guilty to opioid kickback scheme

Former Insys CEO pleads guilty to opioid kickback scheme ( reuters.com )

submitted 2019-01-10T16:46 by salvia_d

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derram 2019-01-10T17:02

Former Insys CEO pleads guilty to opioid kickback scheme | Reuters

'Babich is married to a former Insys sales representative, Natalie Babich, who in 2017 pleaded guilty to conspiring to pay kickbacks. '

'Babich’s plea comes after Alec Burlakoff, Insys’ former vice president of sales, pleaded guilty in November and agreed to testify as a government witness. '

'Prior to working at Insys, Babich had worked at Kapoor’s venture capital firm. '

'Michael Babich, who resigned as the Arizona-based drugmaker’s CEO in 2015, pleaded guilty in federal court in Boston to conspiracy and mail fraud charges after entering into a cooperation deal with prosecutors. '

'BOSTON (Reuters) - The former chief executive of Insys Therapeutics Inc (INSY.O) pleaded guilty on Wednesday to participating in a nationwide scheme to bribe doctors to prescribe an addictive opioid medication and has agreed to become a government witness. '

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