Quantcast
Channel: Florida Business
Viewing all articles
Browse latest Browse all 4578

Insys Files For Chapter 11, Days After Landmark Opioid Settlement Of $225 Million

$
0
0
Insys Therapeutics founder John Kapoor departs federal court in Boston, Jan. 30. On Monday the company filed for Chapter 11 bankruptcy, saying it needs to sell its assets to pay back creditors. Kapoor, who was convicted last month of racketeering, owns more than 63% of the company.

The maker of a highly addictive fentanyl-based drug wants to sell its assets to pay some $250 million in debts. The move could let the company out of part of the settlement deal reached last week.

(Image credit: Steven Senne/AP)


Viewing all articles
Browse latest Browse all 4578

Latest Images

Trending Articles



Latest Images

<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>