October 29, 2017 / 11:48 PM / a year ago

INSYS founder resigns from board after charges in U.S. opioid bribe case

Oct 29 (Reuters) - The billionaire founder of INSYS Therapeutics Inc John N. Kapoor, has resigned from the company’s board of directors, the company said in a statement on Sunday. Kapoor was arrested on Thursday on U.S. charges he participated in a scheme to bribe doctors to prescribe a fentanyl-based cancer pain drug, marking a step by authorities to fight the opioid epidemic.

Kapoor has denied the allegations, according to a statement. (Reporting by Suzanne Barlyn; Editing by Sandra Maler)

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