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INSY

Insys Therapeutics

$6.92

-0.45 (-6.11%)

12:25
05/15/18
05/15
12:25
05/15/18
12:25

Insys Therapeutics says in 'ongoing dialogue' with DOJ regarding investigation

Insys Therapeutics issued a response to the unsealing of the previously filed Qui Tam complaints and the public release of the intervention of the Department of Justice in such cases, stating: "In December 2013, INSYS received a subpoena from the Office of Inspector General of the Department of Health and Human Services, which notified the company of the commencement of an investigation by the DOJ's Civil Division into the company's sales and commercial practices and resulted in the company's corresponding public disclosure. As is often the case, this four-and-a-half-year investigation has been conducted in concert with certain whistleblower litigation that was filed under seal prior to and during the course of the DOJ's investigation. These Qui Tam complaints filed against the company, along with the notice of intervention and complaint filed by the DOJ's Civil Division, were unsealed yesterday. INSYS continues to have ongoing dialogue with the DOJ regarding this investigation. INSYS management accrued, as of Sept. 30, 2017, an aggregate of $150,000,000 which represents the company's current best estimate of the minimum liability exposure which it expects to be paid out over five years in connection with this investigation. This ongoing dialogue has not resulted in information that would cause the company to revise this estimate (and the related disclosure), which was first filed in the company's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on Nov. 3, 2017. As the company has documented in various public releases, today INSYS is a completely transformed organization, with a promising pipeline, a strong commitment to serving patients as well as an organizational culture of high ethical standards. Throughout this transformation, INSYS has learned from the past and remains committed to significant innovation and investment in R&D, which the company believes will result in improving the lives of many patients."

  • 22

    May

INSY Insys Therapeutics
$6.92

-0.45 (-6.11%)

07/21/17
JANY
07/21/17
NO CHANGE
Target $16
JANY
Buy
Subsys ANDA somewhat negative for Insys, but not unexpected, says Janney Capital
Janney Capital analyst Ken Trbovich noted that the FDA's Paragraph IV certifications list earlier this week showed that Insys had received an ANDA filing for Subsys on May 22, which he views as "somewhat negative," but also "not unexpected." While the ANDA raises the possibility of a generic sooner rather than later, Trbovich sees no risk for a generic Subsys until 2020 at the earliest and thinks the company's patents could prevent generic entry until as late as 2030. He keeps a Buy rating and $16 fair value estimate on Insys shares.
03/09/18
PIPR
03/09/18
DOWNGRADE
Target $4
PIPR
Underweight
Insys Therapeutics downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst David Amsellem downgraded Insys Therapeutics to Underweight and cut his price target for the shares to $4 from $5. The analyst sees "no basis in reality" for the company's guidance of relatively stable total sales in 2018 versus 2017 given the nature of the opioid crisis. Further, the weak rollout of Syndros "also does not inspire confidence" in the 2018 guidance, Amsellem tells investors in a research note.

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$NSD

NASDAQ Market Internals

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CW

Curtiss-Wright

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1.97 (1.49%)

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VNCE

Vince Holding

$8.89

0.09 (1.02%)

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$NYE

NYSE Market Internals

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OLED

Universal Display

$96.50

2.4 (2.55%)

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WEB

Web.com

$18.90

-0.15 (-0.79%)

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MU

Micron

$55.46

2.085 (3.91%)

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KMB

Kimberly-Clark

$104.72

1.1 (1.06%)

, JNJ

Johnson & Johnson

$123.68

-0.59 (-0.47%)

16:12
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Kimberly-Clark names Giusy Buonfantino as Chief Marketing Officer »

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JNJ

Johnson & Johnson

$123.68

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MLNT

Melinta Therapeutics

$7.30

-0.2 (-2.67%)

16:12
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16:12
Syndicate
Melinta Therapeutics files to sell $75M in common stock »

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GE

General Electric

$15.26

0.275 (1.84%)

, WAB

Wabtec

$98.50

3.27 (3.43%)

16:11
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General news
On The Fly: Top stock stories for Monday »

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GE

General Electric

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$33.62

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$31.76

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$39.70

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$240.55

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QD

Qudian

$9.58

-1.9 (-16.55%)

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SGMS

Scientific Games

$62.20

1.9 (3.15%)

16:10
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16:10
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Canada's OLG extends instant games contract with Scientific Games »

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  • 29

    May

YELP

Yelp

$46.54

0.1 (0.22%)

16:10
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05/21
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Breaking Hot Stocks news story on Yelp »

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  • 22

    May

LBY

Libbey

$6.84

-0.27 (-3.80%)

16:09
05/21/18
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Libbey suspends quarterly cash dividend »

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ADBE

Adobe

$237.95

-0.09 (-0.04%)

16:08
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Conference/Events
Adobe to hold a conference call »

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VSTM

Verastem

$5.16

0.14 (2.79%)

16:08
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Verastem to present data supporting Duvelisib & Defactinib application »

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  • 05

    Oct

PSTG

Pure Storage

$23.59

-0.075 (-0.32%)

16:08
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Earnings
Pure Storage sees FY19 revenue $1.32B-$1.37B, consensus $1.35B »

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PSTG

Pure Storage

$23.64

-0.025 (-0.11%)

16:06
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Earnings
Pure Storage sees Q2 revenue $296M-$304M, consensus $298.89M »

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ADBE

Adobe

$237.92

-0.12 (-0.05%)

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Adobe to acquire Magento Commerce for $1.68B »

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ADBE

Adobe

$237.92

-0.12 (-0.05%)

16:06
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Hot Stocks
Adobe authorizes $8B share repurchase »

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PSTG

Pure Storage

$23.65

-0.015 (-0.06%)

16:05
05/21/18
05/21
16:05
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16:05
Earnings
Pure Storage reports Q1 adjusted EPS (7c), consensus (12c) »

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FGEN

FibroGen

$52.45

1.35 (2.64%)

16:04
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AQ

Aquantia

$11.54

-0.01 (-0.09%)

16:04
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Breaking Hot Stocks news story on Aquantia »

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CEVA

Ceva

$33.70

-0.1 (-0.30%)

16:04
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Ceva expands share repurchase authorization »

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  • 03

    Jun

TWOU

2U

$95.34

-0.32 (-0.33%)

16:03
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2U names Mark Chernis as COO »

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MYOK

MyoKardia

$48.25

-3.5 (-6.76%)

16:02
05/21/18
05/21
16:02
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16:02
Syndicate
MyoKardia files to sell 3.75M shares of common stock »

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  • 21

    May

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