ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Meet John Kapoor: The CEO and Founder of Insys Who Played a Role in the Fentanyl Crisis

He bribed medical practioners and doctors to pescribe the unnecessary overdose of Subsys, a fentanyl containing medicine used to relieve pain.
PUBLISHED MAR 3, 2024
Cover Image Source: Opioid crisis (representative image) | Pexels | Pixabay
Cover Image Source: Opioid crisis (representative image) | Pexels | Pixabay

Painkillers are meant to provide relief but in the US, pills pushed by major pharma corporations triggered a crisis where addiction to medication and overdose claimed thousands of lives every year. One of the culprits that led to this is the Founder and CEO of Insys Therapeutics Inc., John Kapoor, who was sentenced to five and half years of prison for formulating conspiracies and bribing doctors to prescribe the unnecessary doses of Subsys, a painkiller that had fentanyl.

Insys Therapeutics, founded in 1990 by John Kapoor was basically a pharmaceutical company in Arizona, Subsys being its primary product. The concentration of Fentanyl in Subsys acts extremely fast in pain and is mostly used to treat cancer patients. The medicine has acute opioids, which are the main reason for pain relief when the Subsys is prescribed.

Image Source: Photo by Kindel Media | Pexels
Man being handcuffed (representative image) | Pexels | Photo by Kindel Media 

John Nath Kapoor is infamous for his crimes in the pharmaceutical industry. He was born on February 14, 1943 in Amristar and pursued his education by diving deep into the intricacies and concepts that pharma offers. He was pretty passionate about the field and therefore, got his Bachelor of Pharmacy degree and then, a Master's degree in Medicinal Chemistry. He next started working for several pharma companies in order to gain experience and then founded EJ Enterprises Inc. in 1982, which was a venture capital firm focussing on providing advisory services to start-ups looking to grow in the healthcare sector. He then wanted to grow and founded Insys Therapeutics to develop medicinal innovations and give back to the healthcare sector. Later, the company and its founder were caught for being involved in the illegal marketing of Subsys which led to an opioid crisis.

Drug overdose (representative image) | Pexels | Anna Shvets
Drug overdose (representative image) | Pexels | Anna Shvets

The motives behind the John Kapoor opioid crisis were purely monetary which attracted his employees too and together, they caused the opioid disaster. Kapoor had funded Insys which was given a go-ahead because it created Subsys, which is used for cancer treatment. He involved top executives from a medical background in the conspiracy and they used to bribe the doctors to prescribe Subsys even when not needed. Kapoor gathered the faith of the public by creating awareness for Subsys in his "speaker programs". Kapoor made millions by bribing medical practitioners and earned himself a net worth of $875 million.

Kapoor and the executives of Insys were continually making millions at the patients' expense. The case came to light when the former Insys employees leaked the information and practices which led to legal inquiries, media investigations, followed by court proceedings. Kapoor and his executives admitted their crimes after being arrested for giving rise to the National Opioid Epidemic.

Directed by David Yates, 'Pain Hustlers' is a dark comedy film on the John Kapoor opioid scam, featuring Chris Evans and Emily Blunt. The movie also premiered at the Toronto International Film Festival and portrays a company creating awareness for fentanyl-based opioids which resulted in overdoses in numerous patients. 

LOS ANGELES, CA - JANUARY 15: (EXCLUSIVE COVERAGE) Chris Evans, Chris Hemsworth and Emily Blunt attend the 20th annual Critics' Choice Movie Awards at the Hollywood Palladium on January 15, 2015 in Los Angeles, California. (Photo by Kevin Mazur/WireImage)
Chris Evans, Chris Hemsworth and Emily Blunt attend the 20th annual Critics' Choice Movie Awards | Photo by Kevin Mazur/WireImage

'Pain Hustlers' premiered on Netflix in October 2023. Yates did not want the film to be all-serious, so he gave it a touch of humor to entertain and educate the audience.

MORE ON MARKET REALIST
The host was asked about the possibility of four $100,000 wins in a row, but said that it was virtually impossible.
2 hours ago
The shopper was alarmed after seeing what she thought of as objects crawling around.
3 hours ago
The player had proceeded to the bonus round after simply adding one letter to another contestant's guess.
22 hours ago
Steve Harvey's facial expressions are gold especially when he is geuinely shocked by a contestant.
23 hours ago
The host regretted celebrating the answer as it could put his relationship in jeopardy.
1 day ago
Plinko is believed to be a game of luck by many but Carey might know a few things that we don't.
1 day ago
She was again approached by the employee who had first stopped her, and hoped that the one who helped her won't be fired.
1 day ago
Turns out the player earned the quick-witted host's respect with a shared love for football.
2 days ago
Turns out the host of Family Feud is a stickler for the rules and went on to roast the woman.
2 days ago
Viewers and the host were astonished to see just how Veonn finished with the exact sum she needed.
2 days ago
Mark Cuban said he could be the bigger person and let it go, but added that he wasn't.
3 days ago
Zoe Grobman who appeared on the show's Second Chance Tournament, addressed the issue on Reddit.
3 days ago
Cody Munger who won the "Big Tournament Championship" last year, shared his insight on Reddit.
4 days ago
The creator posted a video sounding an alarm against certain objects found in the "Great Value" cheese of Walmart. 
4 days ago
The player was left with very little to work with as most of her letters weren't on the board.
4 days ago
With two $1 million dollar deals on the table, entrepreneur Chet Beiler managed to pull off a blunder.
4 days ago
Even the star herself responded to the social media buzz and said her answer was an "oopsie."
4 days ago
The strategy has been making rounds on Reddit, with many suggesting it is 'fool-proof'.
4 days ago
The contestant got in hot water for ridiculing her man’s performance in the bedroom.
5 days ago
Harvey shamed the player for his not-so-family friendly response while fans loved it.
5 days ago