insys opioids News

Opioid Maker Insys Files for Bankruptcy in Wake of Bribery Convictions, Probe Settlement

Drugmaker Insys Therapeutics Inc., whose former executives were convicted of bribing doctors to prescribe its highly addictive opioid, filed for bankruptcy protection after agreeing to pay hundreds of millions of dollars to settle a probe by U.S. prosecutors. The Chapter …

Insys Agrees to $225 Million Settlement of U.S. Claims of Illegal Opioid Sales

Insys Therapeutics Inc., grappling with the prospect of bankruptcy after its founder was convicted on racketeering charges, agreed to pay $225 million to settle U.S. claims that the drug maker illegally sold opioid-based painkillers. Under terms of the deal, Insys …