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INSY

Insys Therapeutics

$0.88 /

+0.0488 (+5.88%)

18:59
06/05/19
06/05
18:59
06/05/19
18:59

Insys enters $225M global resolution of criminal, civil investigations with DOJ

Opioid manufacturer Insys Therapeutics agreed to a global resolution to settle the government's separate criminal and civil investigations, the Department of Justice announced. As part of the criminal resolution, Insys will enter into a deferred prosecution agreement with the government, Insys's operating subsidiary will plead guilty to five counts of mail fraud, and the company will pay a $2M fine and $28M in forfeiture. As part of the civil resolution, Insys agreed to pay $195M to settle allegations that it violated the False Claims Act. Both the criminal and civil investigations stemmed from Insys's payment of kickbacks and other unlawful marketing practices in connection with the marketing of Subsys. Insys's drug Subsys is a sublingual fentanyl spray, a powerful, but highly addictive, opioid painkiller. In 2012, Subsys was approved by the Food and Drug Administration for the treatment of persistent breakthrough pain in adult cancer patients who are already receiving, and tolerant to, around-the-clock opioid therapy. Reference Link

INSY Insys Therapeutics
$0.88 /

+0.0488 (+5.88%)

05/14/19
Fly Intel: Top five analyst downgrades
05/14/19 Janney Montgomery Scott
Insys Therapeutics downgraded to Neutral from Buy at Janney Montgomery Scott
05/13/19 Piper Sandler
Government's end game may be putting Insys out of business, says Piper Jaffray
03/08/19 Cantor Fitzgerald
Insys faces 'pivotal and transformational' year in 2019, says Cantor Fitzgerald

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Shake Shack put volume heavy and directionally bearish » 15:35
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Shake Shack

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Boeing 737 MAX regulator test flight pushed to May, AFP reports » 15:31
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BA

Boeing

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Henkel

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Ontex Group

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Imperial Brands

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KRYAY

Kerry Group

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Glanbia

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ABT

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Lindt

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Cameco says JV's decreased activity 'may lead to variability' in 2020 outlook » 15:20
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Swedish Match price target lowered to SEK 632 from SEK 640 at Morgan Stanley » 15:18
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SWMAY

Swedish Match

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NSRGY

Nestle

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