John Kapoor
| John Kapoor | |
|---|---|
| Born | John Nath Kapoor 1942/1943 (age 81–82)[1] Amritsar, India |
| Residence | Phoenix, Arizona, US |
| Nationality | Indian American |
| Alma mater | Institute of Chemical Technology, Mumbai SUNY Buffalo |
| Known for | Founder, Akorn Pharmaceuticals Founder and chairman, Insys Therapeutics |
| Net worth | $1.9 billion (September 2017)[1] |
| Spouse(s) | Editha Kapoor (deceased) |
| Children | 4 |
John Nath Kapoor (born 1942/1943) is an Indian American billionaire pharmaceutical entrepreneur. He is the founder of Insys Therapeutics.[2] He also owns a large stake in the generic drugmaker Akorn.[2][3]
Early life
John Nath Kapoor[4] was born in Amritsar, India, into a family of modest means. He later moved to Mumbai, where he graduated from the Institute of Chemical Technology (formerly UDCT) with a degree in pharmacy.[5][6] He went to University at Buffalo on a scholarship and obtained a doctorate in medicinal chemistry in 1972.[6]
Career
He began his career in 1972 at Invenex Pharmaceutical on Grand Island, NY. He worked his way up at LyphoMed.[2]
Personal life
He moved from India to Lake Forest, Illinois. He has four children and now lives in Phoenix, Arizona. The John and Editha Kapoor Charitable Foundation, which supports the fight against cancer, was named after his late wife Editha, who died of breast cancer.[1]
2017 arrest
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.[7] 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.[8] U.S. Attorney William Weinreb said the charges reflected authorities' commitment to combat the opioid epidemic.[8] Kapoor is also alleged to have conspired to defraud health insurance providers.[7] Shortly after the charges were announced, Kapoor resigned from the Board of Insys Therapeutics.[9]
References
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