When it comes to having a bad corporate reputation, it doesn’t get much worse than Insys Therapeutics and Theranos.
Last week, five former Insys executives, including founder John Kapoor, were found guilty of racketeering in pushing the company’s powerful opioid; jurors said they were horrified when they saw a music video, produced to pump up sales, featuring two Insys salesmen rapping about ramping up the dose of the painkiller. Meanwhile, ex-Theranos CEO Elizabeth Holmes and her former No. 2 Sunny Balwani are facing criminal charges for defrauding investors, patients, and physicians about their blood-testing technology; they’re expected to go to trial, perhaps next year.
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