Tuesday, June 23, 2020

Opioid Crisis: Indian-American Pharma CEO Jailed

Dr. John Nath Kapoor, Indian-American CEO of Insys Therapeutics, has been found guilty of conspiring to recklessly and illegally boost profits from the opioid painkiller Subsys, a fentanyl spray designed to be absorbed under the tongue, according to multiple media reports.

Dr. John Nath Kapoor
In 2018, data showed that opioid overdoses killed an average of 128 Americans everyday.  Last year, nearly 70,000 Americans died of opioid overdoses.  Opioid abuse has become a public health crisis with devastating social, economic and health consequences in vast swathes of America.  In spite of knowing the dangers opioids posed, drug companies like Kapoor's Insys heavily promoted such drugs by paying physicians to overprescribe, resulting in enormous company profits.

Kapoor has received five and a half years jail sentence.  CBS has reported that others working for him have been sentenced to serve from 12 to 33 months, in part because of the testimony of the government's star witness: Alec Burlakoff, the senior vice president of sales at Insys, who had pled guilty and cooperated with prosecutors.

Kapoor, billionaire entrepreneur and former CEO of Insys Therapeutics, was born in Amritsar, India. He studied pharmacy at Institute of Chemical Technology in Mumbai, India. He received a doctorate in medicinal chemistry from University of Buffalo, New York, in 1972. He became a major American success story until he was arrested and charged in 2017 under RICO (Racketeer Influenced and Corrupt Organizations) laws.

Earlier in June, 2020, three Indian-American physicians were found to have faked results of a hydroxychloroquine (HCQ) study they published in New England Journal of Medicine and The Lancet. Both journals were forced to retract it.

Last year, an Indian-American operator and several Indian-American and other doctors participating in a home health care business in Silicon Valley were charged by US federal prosecutors with fraud.

India and Pakistan are among the top three sources of foreign medical professionals in the United States.

Related Links:

Haq's Musings

South Asia Investor Review

Indian-American COVID19 Researchers Face Fraud Charges

Indian-American Operator Charged With Fraud By US Federal Prosecutors

India and Pakistan Among Top Sources of Foreign Medical Professionals

Howdy Modi Rally Exposes Indian-Americans to Hypocrisy Charges

Silicon Valley India-American Congressman Rejects Hindutva, Joins Pakistan Caucus

H1-B Visa Abuse By Indian-American Body Shops

Silicon Valley Indian-American Congressman Ro Khanna Defeats Pro-Modi Candidate

Riaz Haq's Youtube Channel


Rashid A. said...

Thank you Riaz Sahib.

While some have addiction of Opioids, others have addition to Moneyoids! Love of money, or greed will make one do things one himself cannot believe.

Even for this case there are many Wall Street types who say, “ 5.5 years is nothing, when he will come out he would still have hundreds of millions of dollars. Not a bad deal”.

For these people jail time is just cost of doing business, real punishment is confiscation of all ill gotten wealth. They cannot handle that.

These people count success how many coins they have and how many zeros on the left side of decimal.

Riaz Haq said...

Rashid sahib:

Kapoor's Insys (sublingual fentanyl spray) made a ton of money but there are much bigger pharma players like Purdue Pharma (OxyContin) and Johnson & Johnson (supplier of 60% of opiate ingredients) who are the biggest beneficiaries of the opioid crisis that has claimed over 200,000 American lives. It has devastated entire towns in the Trump country in the Midwest and the South. "Hillbilly Elegy" by JD Vance describes the destruction of many poor white families, including his own, who became victims of opioids.

Rashid A. said...

نبی کریم صلی اللہ علیہ وسلم نے فرمایا:

‏لوگوں پر ایک ایسا زمانہ آئے گا کہ انسان کوئی پرواہ نہیں کرے گا کہ جو اس نے حاصل کیا ہے وہ حلال سے ہے یا حرام سے ہے۔ (صحیح بخاری، ۲۰۵۹)

Riaz Haq said...

Rashid Sahib,

This Hadith so apropos!

In fact, it describes the essence of laissez faire capitalism we see today

Ahmad F. said...

That has been the state of mankind since the very beginning. Every episode of history, every continent on the planet has witnessed such high handedness and corruption.

Riaz Haq said...

Ahmad: "That has been the state of mankind since the very beginning. Every episode of history, every continent on the planet has witnessed such high handedness and corruption."

This comment suggests that the "western civilization" is just a hoax!

Notwithstanding a few wrist slaps here and there, it's essentially the survival of the fittest!