INSYS founder resigns from board after charges in U.S. opioid bribe case

(Reuters) – The billionaire founding father of INSYS Therapeutics Inc John N. Kapoor, has resigned from the corporate’s board of administrators, the corporate stated in a press release on Sunday.

The billionaire founding father of Insys Therapeutics Inc. John Kapoor, exits the federal courtroom home after a bail listening to in Phoenix, Arizona , U.S., October 27, 2017. REUTERS/Conor Ralph

Kapoor was arrested on Thursday on U.S. fees he participated in a scheme to bribe docs to prescribe a fentanyl-based mostly most cancers ache drug, marking a step by authorities to struggle the opioid epidemic.

Kapoor has denied the allegations, in accordance with a press release.

Reporting by Suzanne Barlyn; Modifying by Sandra Maler

Our Requirements:The Thomson Reuters Belief Rules.

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