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Former Insys CEO to plead guilty in opioid kickback case
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Former Insys CEO to plead guilty in opioid kickback case
The former chief executive of Insys Therapeutics Inc is expected on Wednesday to plead guilty to participating in a scheme to pay doctors bribes in exchange for prescribing an addictive opioid medication. Michael Babich, who resigned as the Arizona-based drugmaker's CEO in 2015, is scheduled to appear in federal court in Boston and plead guilty to conspiracy and mail fraud charges, according to court papers. The terms of Babich's plea deal have not been disclosed, leaving it unclear whether he has agreed to cooperate with prosecutors and testify at that trial.
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