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Fly News Breaks for March 24, 2016
INSY
Mar 24, 2016 | 06:51 EDT
After hosting senior management in meetings with investors, Piper Jaffray analyst David Amsellem reiterates an Overweight rating on Insys Therapeutics with a $46 price target. The extension of the FDA action date for the Syndros new drug application is related to scheduling, Amsellem tells investors in a research note. Insys made it clear that abandoning certain managed care contracts, thus sacrificing some prescription volumes, may actually be beneficial to Subsys net sales, the analyst points out.
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