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Weekly News Wire | December 27, 2016

Feds Charge Former Executives Of Insys, Maker of Fentanyl, With Racketeering

The former chief executive officer and a few other key ex-employees of Arizona drug company Insys Therapeutics were arrested on December 8, 2016, and charged with racketeering and kickbacks by federal prosecutors. Specifically, the defendants in this case are alleged to have bribed medical professionals in several states in exchange for prescribing Insys’s fentanyl-based pain pharmaceutical beyond the needs of their patients.

The individuals named on the indictment include Michael Babich of Scottsdale, Arizona, who served as CEO and president of Insys from March 2011 until November 2015; Alec Burlakoff, of Charlotte, North Carolina, former vice president . . .

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