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ADMP

Adamis Pharmaceuticals

$1.22

-0.03 (-2.41%)

13:54
07/18/19
07/18
13:54
07/18/19
13:54

Adamis Pharmaceuticals, kaleo Inc agree to settle all litigation

Adamis Pharmaceuticals announced that Adamis and kaleo Inc. agreed to settle all previously announced litigation between the parties, including the case filed by kaleo in the United States District Court for the District of Delaware in which kaleo claimed specified aspects of Adamis' ZIMHI naloxone product infringed certain kaleo-owned patents, and the case filed by Adamis in the United States District Court for the Eastern District of Virginia in which Adamis claimed specified actions by kaleo infringed Adamis' SYMJEPI trademark. As part of the resolution of the current litigation, kaleo agreed not to bring future action against Adamis relating to ZIMHI so long as Adamis does not reference kaleo's product in a future filing with the FDA, and Adamis agreed not to bring future action against kaleo for acts that occurred prior to the settlement date. The parties agreed to the language contained in this press release and have each filed a copy of the settlement agreement along with a request of voluntary dismissal in the Delaware and Virginia courts, as appropriate, and expect the respective judges to accept and dismiss both cases in due course.

  • 24

    Jul

ADMP Adamis Pharmaceuticals
$1.22

-0.03 (-2.41%)

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.
07/16/19
RILY
07/16/19
DOWNGRADE
Target $1.1
RILY
Sell
Adamis Pharmaceuticals downgraded to Sell from Neutral at B. Riley FBR
B. Riley FBR analyst Andrew D'Silva downgraded Adamis Pharmaceuticals to Sell from Neutral and lowered his price target for the shares to $1.10 from $1.90.
07/16/19
RILY
07/16/19
DOWNGRADE
Target $1.1
RILY
Sell
B. Riley FBR downgrades Adamis to Sell, cuts price target to $1.10
B. Riley FBR analyst Andrew D'Silva downgraded Adamis Pharmaceuticals to Sell from Neutral and lowered his price target for the shares to $1.10 from $1.90. Despite recent injectable epinephrine shortages, channel checks indicate nominal penetration of Symjepi across the retail market and the institutional setting, which is where Sandoz initially launched Symjepi, D'Silva tells investors in a research note. Further, the analyst believes these issues will likely be exacerbated by AUVI-q's growing presence at Walgreens and the expiration date being extended for the EpiPen. In addition, D'Silva continues to believe Adamis will likely need a "significant" capital infusion this year to sustain operations.

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