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INSY

Insys Therapeutics

$0.16

-0.4759 (-74.83%)

08:06
06/12/19
06/12
08:06
06/12/19
08:06

Insys Therapeutics receives court approval for 'First Day' motions

INSYS Therapeutics announced that on June 11, 2019 INSYS received interim approvals from the U.S. Bankruptcy Court for the District of Delaware for its First Day motions related to the Chapter 11 petitions filed on June 10, 2019. CEO Andrew Long said, "This is an important step forward in our court-supervised process, which is intended to fairly and transparently address the Company's legacy legal liabilities. I would like to thank our team for their continued hard work and dedication as we move forward with our asset sale process." The Court granted INSYS interim approval to continue its existing cash management system to collect and disburse cash generated by the business. In addition, INSYS received Court approval to, among other things, continue payment of employee wages and benefits and to continue programs offered to customers. The Company also received approval to continue to pay vendors and other providers essential to the Company's operations in full for goods and services provided after the Chapter 11 filing.

INSY Insys Therapeutics
$0.16

-0.4759 (-74.83%)

03/08/19
CANT
03/08/19
NO CHANGE
Target $9
CANT
Overweight
Insys faces 'pivotal and transformational' year in 2019, says Cantor Fitzgerald
Cantor Fitzgerald analyst Brandon Folkes reiterates an Overweight rating on Insys Therapeutics with a $9 price target following the company's Q4 results. The analyst believes 2019 will be a "pivotal and transformational year" for the company. Insys has two potential filings with its spray platform this year, along with two "significant" data readouts from the company's cannabinoids platform, Folkes tells investors in a post-earnings research note titled "CBD Epilepsy Is a Significant Near-Term Catalyst Not to Be Ignored." Data readouts should drive stock momentum, making 2019 the year in which investors are able to return to Insys Therapeutics and appreciate the value that could be unlocked from within the company's spray and cannabinoids pipeline, adds the analyst.
05/13/19
PIPR
05/13/19
NO CHANGE
Target $2
PIPR
Underweight
Government's end game may be putting Insys out of business, says Piper Jaffray
Piper Jaffray analyst David Amsellem cut his price target for Insys Therapeutics to $2 from $4 and reiterates an Underweight rating on the shares. The company on Friday night announced that it is facing significant liquidity issues such that it may not be able to continue as a going concern due to estimated liabilities of $240M related to the U.S. Department of Justice investigation and other legal matters, coupled with the continued deterioration of Subsys sales/volumes, Amsellem tells investors in a research note. Perhaps the end game of the federal government is Insys no longer being a going concern, adds the analyst.
05/14/19
JANY
05/14/19
DOWNGRADE
JANY
Neutral
Insys Therapeutics downgraded to Neutral from Buy at Janney Montgomery Scott
05/14/19
05/14/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Solid Biosciences (SLDB) downgraded to Underperform from Neutral at Credit Suisse, to Sell from Neutral at Goldman Sachs, and to Neutral from Buy at Chardan. 2. Shopify (SHOP) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Brian Essex citing his view that the stock is not deserving of the same multiple as high-growth U.S. 3. Deere (DE) downgraded to Underweight from Neutral at JPMorgan with analyst Ann Duignan saying she sees "rapidly deteriorating" fundamentals in U.S. agriculture. 4. G-III Apparel (GIII) and Steven Madden (SHOO) downgraded to Neutral from Overweight at Piper Jaffray. 5. Insys Therapeutics (INSY) downgraded to Neutral from Buy at Janney Montgomery Scott. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

LMT

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PVTL

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LEN

Lennar

$51.41

0.09 (0.18%)

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BAS

Basic Energy

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FTSI

FTS International

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-0.5 (-7.97%)

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IMRN

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USWS

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AMCR

Amcor

$11.14

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EQT

EQT Corporation

$15.38

0.15 (0.98%)

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  • 10

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PLL

Piedmont Lithium

$11.50

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GEN

Genesis Healthcare

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  • 13

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VKTX

Viking Therapeutics

$7.94

-0.07 (-0.87%)

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Viking Therapeutics initiated  »

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CTRP

Ctrip

$36.43

0.37 (1.03%)

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MDGL

Madrigal Pharmaceuticals

$101.39

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, VKTX

Viking Therapeutics

$7.94

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MDGL

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VKTX

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GNFT

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RGEN

Repligen

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Conference/Events
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NRCG

NRC Group

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, ECOL

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XHR

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ARCE

Arco Platform

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AGN

Allergan

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-1.32 (-1.01%)

, EOLS

Evolus

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0.13 (0.96%)

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Recommendations
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AGN

Allergan

$129.65

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EOLS

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  • 25

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QSR

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SBUX

Starbucks

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DPZ

Domino's Pizza

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  • 16

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SHAK

Shake Shack

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