empty
 
 

2016.12.0905:15:00UTC+00Six former Insys executives arrested in U.S. in fentanyl bribe case

U.S. prosecutors said six former Insys Therapeutics executives and managers including CEO Michael Babich had been arrested on Thursday on charges they bribed doctors to prescribe a drug containing the opioid fentanyl.

Shares at the company plunged as much as 16 percent on Thursday.

The former executives and managers allegedly used bribes to push prescriptions of Subsys, which is a medication for cancer patients with severe pain.

Insys shares have dropped 68 percent year-to-date.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback