EX-PHARMA CEO: GUILTY OF KICKBACKS TO DOCTORS FOR OPIOID PRESCRIPTIONS

A former pharmaceutical chief executive pleaded guilty to playing a part in a sophisticated scheme to give kickbacks to doctors who prescribed his company’s fentanyl-based opioid drugs

A move one top lawyer said is “one step toward the goal of cutting down the corrupt greed that’s “alive and well in the pharma business.”

Michael Babich, the former CEO at Insys Therapeutics, pleaded guilty in federal court in Boston on Wednesday for his role in a nationwide scheme to bribe physicians to prescribe the company’s oral-spray painkillers meant for cancer patients facing extreme pain.

“It is very important that companies like Insys be held responsible for corrupting the medical community, as well as endangering and sometimes killing innocent patients,” said attorney Mike Moore, who’s leading some efforts to sue pharmaceutical companies two decades after securing a massive settlement against tobacco companies.

Moore, the former Mississippi attorney general, added, “Greed is alive and well in the pharma business and must be weeded out.”

Cases remain open against several of Babich’s alleged co-conspirators. The company paid half a million dollars two years ago after Massachusetts Attorney General Maura Healey’s office sued it on similar claims.

Sitting before a federal judge, Babich, 42, admitted he used Insys as a vehicle to bribe doctors into prescribing Subsys to patients who did not have cancer — a scheme that ended up lining his own pocket with $3.5 million more in profit, an amount he has agreed to give up. Those physicians would write Subsys prescriptions for no legitimate medical purpose, according to prosecutors.

Babich and the other officials disguised bribes and kickbacks in the form of speaking fees, the feds said, adding that Insys executives would punish those who didn’t write enough prescriptions.

Alec Burlakoff, a former sales vice president for Insys, pleaded guilty to racketeering conspiracy in November and agreed to cooperate with investigators. Babich, who faces up to 25 years behind bars, also will cooperate.

U.S. Attorney Andrew Lelling attended the court hearing Wednesday. His office declined to comment, citing the pending related cases.

Boston Mayor Martin J. Walsh said, “Boston has reached a breaking point in the fight against the opioid epidemic. We have a public health crisis on our hands that has steadily gotten worse in recent years and even though we have been increasing access to critical treatments and supports, we can’t fight this alone. It’s time to hold accountable the companies that created and fostered this crisis and pursue remedies to stop its harmful marketing tactics.”

Source: Boston Herald

Love and Light

Healing Oracle

Join me on Facebook Amanda Mary

Please also like, share and subscribe to our Social media channels:

Facebook | Twitter  | Youtube

About the Author

Amanda-Mary
I am known as Mary which is my middle name. I am a holistic practitioner and Senior Cancer researcher. I can be a gentle woman, I have a big heart and big personality! I'm the caretaker type. When you are on the side of the road with a flat Tyre, I'm the lady who stops, when you need to pull out onto the road, i am the lady that gives way. When you are coming through the door, I'm the lady who holds it for you and gives you a humble smile and a soft hello, I will always give up my seat to others regardless of age, disability or gender. I work hard with my mind and my hands and I am more "in tune" with life, truth and nature, than most people.I am a well educated professional lady , I am a Cool ,respectful, and a comprehensive person, who really does experience love in its full sense.I can seldom be social, and on occasion an outgoing person. I am well balanced in my life. I am a lady of true character who believes in giving people a fair chance.My children are the most important people in my life, although all none dependent, leading busy lives themselves. I am well read and well traveled, I am not materialistic, I have old fashioned views and morals, I can be blunt when it comes to the truth. I don't tolerate fools and thieves lightly. I am earthy and down to earth with a great sense of humor. I am considerate to my surroundings, i have a love of the outdoors and nature in general.I am a cancer researcher ofI am the nurture carer type. I have been a cancer researcher for almost 2 decades. I work at a Cancer Healing Center as a holistic practitioner. I speak truth about what really cures cancer, openly. I speak about how the medical industry is failing us.I get knocked down but I get up again and come back stronger. I am faithful to my own soul, mind and body. I am a harmless flirt. I have few friends but those I have I adore and will do anything for. I am most often described as eccentric and energetic.My Philosophy of life is to live every day like its my last and every night like it was my 1st and this keeps me young, healthy and fit. No regrets! I am young at heart, full of fun.That's me, love and light.