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 will pay $195 million to resolve whistle-blower claims tied to a scheme that involved bribing doctors to over-prescribe the company’s powerful painkiller, Subsys, federal prosecutors said. The company also will pay a $2 million criminal fine and forfeit $28 million in cash.
“For years, Insys engaged in prolonged, illegal conduct that prioritized its profits over the health of the thousands ...
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