John Kapoor Bio, Wiki

John Kapoor is an American multi-millionaire, pharmaceutical entrepreneur, former CEO of Insys Therapeutics, and majority shareholder in the generic drug manufacturing company Akorn.

Kapoor began his career in 1972 at Invenex Pharmaceutical on Grand Island, NY. He worked his way up at LyphoMed, took the company public, and oversaw its operations through a scandal involving lax production standards that resulted in several patients’ deaths. In the fall of 2017, he was arrested and charged with numerous felony counts including RICO conspiracy, conspiracy to commit wire fraud and other crimes. In June 2019, Kapoor was found guilty on all counts.

John Kapoor Education

Kapoor graduated from the Institute of Chemical Technology (formerly UDCT) with a degree in pharmacy. After moving to the United States Kapoor attended the University at Buffalo on a scholarship and obtained a doctorate in medicinal chemistry in 1972.

John Kapoor Age

Kapoor was born John Nath Kapoor in 1943 in Amritsar, India. He is 81 years old.

John Kapoor Height

Kapoor stands at a height of 5 feet 8 inches.

John Kapoor Family

Kapoor has managed to keep his personal life away from the limelight hence he has not disclosed any information about his parents. He does however have a brother, Kamal Kapoor.

John Kapoor Wife

Kapoor was married to Editha Kapoor till the time of her death in 2005. 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 Kapoor, who died of breast cancer.

The University at Buffalo School of Pharmacy and Pharmaceutical Sciences named their building John and Editha Kapoor Hall, after a donation to the school by John Nath Kapoor, to honor him and his late wife. On June 3, 2019, the University at Buffalo passed a resolution to remove his name from the UB Pharmacy School’s building in light of Kapoor’s RICO conviction.

John Kapoor Net Worth

Kapoor has an estimated net worth of $875 Million as of 2019. In December 2018 his net worth, which stemmed mostly from his stakes in Insys Therapeutics and a generic drug firm called Akorn, dropped below $1 billion for the first time since he joined the World’s Billionaires’ ranks five years prior. Kapoor’s net worth peaked at $3.3 billion in October 2015.

John Kapoor Arrested

Kapoor was arrested in Arizona in October 2017 and charged with RICO conspiracy, conspiracy to commit wirefraud, and conspiracy to violate the Anti-Kickback Law. The charges stem from allegations that Kapoor participated in a scheme to bribe doctors to prescribe fentanyl, a powerful synthetic opioid manufactured under the brand name Subsys by his company Insys Therapeutics. U.S. Attorney William Weinreb said the charges reflected authorities’ commitment to combat the opioid epidemic.

John Kapoor is also alleged to have conspired to defraud health insurance providers. Shortly after the charges were announced, he resigned from the Board of Insys Therapeutics. On May 2, 2019, he was convicted of engaging in a racketeering conspiracy to increase the profits of his company’s opiate painkiller, Subsys.

John Kapoor Sentenced

On January 23, 2020, Kapoor was sentenced to five-and-a-half years in prison in a Boston courtroom for his role in a conspiracy to bribe doctors to prescribe his company’s potent fentanyl painkiller to patients who didn’t need it. The company’s former vice president of sales, Alec Burlakoff, was sentenced to 26 months in prison as well.

On Wednesday, the former CEO Michael Babich was sentenced to 30 months in prison and a former regional sales director, Sunrise Lee, was sentenced to one year in prison. Before Kapoor’s trial started Babich and Burlakoff pleaded guilty to their roles in the scheme to bribe doctors to prescribe Insys’ fentanyl spray.

Kapoor’s 66-month prison term is substantially less than the 15-year sentence recommended by federal prosecutors, but it is more than the one year requested by his defense attorneys, who maintained the executive’s innocence and stressed his old age as the reason for a short prison sentence. U.S. District Judge Allison Burroughs explained that she reached the lesser sentence after considering Kapoor’s advanced age and philanthropy, as well as “his central role in the crime,” The Associated Press reported.

John Kapoor Release Date

Kapoor is set to be released on 11th December 2024 as per the Federal Bureau of Prison’s website.

John Kapoor Nationality and Ethnicity

Kapoor is American by nationality and Indian by ethnicity. He was born in Amritsar, Punjab, India,

The table below answers some of the frequently asked questions about  Kapoor.