John Kapoor

About John Kapoor

Birth Year: 1942
Birth Place: Phoenix, Arizona, United States
Residence: Phoenix, Arizona, US
Alma mater: Institute of Chemical Technology, Mumbai SUNY Buffalo
Known for: Founder, Akorn Pharmaceuticals Founder and chairman, Insys Therapeutics
Spouse(s): Editha Kapoor (deceased)
Children: 4

John Kapoor Net Worth

John Kapoor was bornon 1942 in Phoenix, Arizona, United States. John Kapoor is the founder and former CEO and chairman of controversial opioid manufacturer Insys Therapeutics. In October 2017 Kapoor was arrested and charged with conspiring to bribe doctors to needlessly prescribe fentanyl spray Subsys. He denied the charges. Insys has been embroiled in a legal controversy including multiple investigations in connection with the marketing and sales of fentanyl spray Subsys. He owns nearly 70% of Insys Therapeutics' shares. He also resigned in October 2017 as chairman of Akorn, which makes generic prescription drugs.
John Kapoor is a member of Healthcare

💰 Net worth: $1.36 Billion (Updated at 22 June 2018)

2014 $2.4 Billion
2015 $3.3 Billion
2016 $2.1 Billion
2017 $1.7 Billion
2018 $1.41 Billion

Some John Kapoor images

Biography/Timeline

1972

He began his career in 1972 at Invenex Pharmaceutical on Grand Island, NY. He worked his way up at LyphoMed.

2017

In October 2017, Kapoor was arrested in Arizona and charged with RICO conspiracy, conspiracy to commit wirefraud, and conspiracy to violate the Anti-Kickback Law. The charges stem from allegations he participated in a scheme to bribe doctors to prescribe a fentanyl-based cancer pain drug, an addictive synthetic opioid. U.S. Attorney william Weinreb said the charges reflected authorities' commitment to combat the opioid epidemic. Kapoor is also alleged to have conspired to defraud health insurance providers. Shortly after the charges were announced, Kapoor resigned from the Board of Insys Therapeutics.