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Former Insys CEO to plead guilty in opioid kickback case

January 9, 2019 11:05 AM
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BOSTON (Reuters) - The former chief executive of Insys Therapeutics Inc (INSY.O) 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.

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