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ADMP

Adamis Pharmaceuticals

$1.29

0.03 (2.38%)

09:05
06/27/19
06/27
09:05
06/27/19
09:05

Adamis Pharmaceuticals files two motions, lawsuit in response to kaleo suit

Adamis Pharmaceuticals Corporation provided an update on the litigation with kaleo Inc. regarding kaleo's claims of patent infringement relating to Adamis' higher dose naloxone injection product as well as, new claims brought by Adamis against kaleo regarding its use of Adamis' SYMJEPITM trademark. On Friday, June 21st, the company filed two motions in the United States District Court for the District of Delaware in response to kaleo's patent infringement lawsuit relating to ZIMHI. The first was a motion to disqualify Cooley LLP as counsel to kaleo based on, among other things, conflicts of interest and violation of applicable ethical rules. The second was a motion to dismiss the entire lawsuit for lack of subject matter jurisdiction. Adamis filed an amendment to its original new drug application removing any reference to kaleo's EVZIO product, which Adamis contends prevents kaleo from claiming infringement under the Hatch-Waxman Act. On the same day, Adamis filed a separate lawsuit in the United States District Court for the Eastern District of Virginia against kaleo, Inc. for cybersquatting under 15 U.S.C. Section 1125(d), unfair competition under 15 U.S.C. Section 1125(a), and common law unfair competition and trademark infringement for kaleo's use of Adamis' SYMJEPI trademark. With this lawsuit, Adamis is seeking injunctive relief to prevent kaleo from using Adamis' SYMJEPI trademark and damages for kaleo's past use of Adamis' SYMJEPI trademark in commerce.

  • 24

    Jul

ADMP Adamis Pharmaceuticals
$1.29

0.03 (2.38%)

07/02/18
HCWC
07/02/18
NO CHANGE
Target $10
HCWC
Buy
Adamis price target raised to $10 from $7 at H.C. Wainwright
H.C. Wainwright analyst Jason Kolbert raised his price target for Adamis Pharmaceuticals (ADMP) to $10 after the company announced that Novartis (NVS) division Sandoz division will commercialize Symjepi. While the deal took longer than expected, the terms of a 50:50 split is better than anticipated, Kolbert tells investors in a research note. The analyst sees Sandoz as a "great partner" and reiterates a Buy rating on Adamis.
07/02/18
MAXM
07/02/18
NO CHANGE
Target $13
MAXM
Buy
Adamis Pharmaceuticals price target raised to $13 from $10 at Maxim
Maxim analyst Jason McCarthy raised his price target on Adamis Pharmaceuticals to $13 and kept his Buy rating after the company announced a commercial partnership for Symjepi in the U.S. The analyst notes that while the upfront payment may be "modest", the company is also retaining its international rights, adding that this partnership represents a "significant inflection point" for Adamis. McCarthy calls for the company to next focus on its pipeline of injection-based and inhalation-based drugs which are moving to the later stages of development.
08/23/18
HCWC
08/23/18
NO CHANGE
Target $7
HCWC
Buy
Adamis selloff on generic EpiPen a buying opportunity, says H.C. Wainwright
Recent weakness in shares of Adamis Pharmaceuticals (ADMP) appears related to news that Teva (TEVA) has received approval to launch a generic version of Mylan's (MYL) EpiPen, H.C. Wainwright analyst Jason Kolbert tells investors in a research note. Sandoz, Adamis' partner, is well aware of Teva's initiatives and remains committed to the launch of Adamis' Symjepi, the analyst adds, As such, he views the recent pullback in Adamis as a buying opportunity. He lowered his price target for the stock to $7 from $10 and keeps a Buy rating on the name.
11/12/18
RILY
11/12/18
DOWNGRADE
Target $2.5
RILY
Neutral
Adamis Pharmaceuticals downgraded to Neutral from Buy at B. Riley FBR
B. Riley FBR analyst Andrew D'Silva downgraded Adamis Pharmaceuticals to Neutral and lowered his price target for the shares to $2.50 from $7.50. The analyst cites the company's Q3 results for moving him to the sidelines.

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