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Insys Therapeutics CEO John N. Kapoor to step down

Insys TherapeuticsInsys Therapeutics announced that the board has initiated a search to identify a candidate to succeed John N. Kapoor as president and CEO.

Mr. Kapoor has served on the Company's board of directors since its formation in 1990 and has served as Chairman from 1990 to 2004 and Executive Chairman since June 2006.

Dr. Kapoor also served as a director of Insys Pharma from its inception in 2002. He has served as the President and Chairman of the board of directors of EJ Financial Enterprises since forming the company in 1990.

Dr. Kapoor is also the Managing Partner of Kapoor-Pharma Investments, an investment company that he founded in 2000.

He serves as the chairman of the board of directors of Akorn where he served as the Chief Executive Officer from March 2001 to December 2002 and from May 1996 to November 1998.

Dr. Kapoor also served as the chairman of the board of directors of Sciele Pharma and OptionCare where he served as Chief Executive Officer from August 1993 to April 1996.

Dr. Kapoor received his PhD in Medicinal Chemistry from the State University of New York at Buffalo and a B.S. in Pharmacy from Bombay University in India.


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