Adamis Pharmaceuticals (ADMP) Gains Despite Mylan's Generic EpiPen

August 29, 2016 7:57 AM EDT
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Adamis Pharmaceuticals (NASDAQ: ADMP) is gaining again despite news that Mylan (NYSE: MYL) announced plans to launch the first generic of its own EpiPen amid scrutiny over its pricing practices.

Adamis Pharmaceuticals offers its own pre-filled epinephrine syringe, which is under review with the FDA. The company said its product would be 40% less than EpiPen.

ADMP is up 3.8% in pre-open trade Monday after gaining 25% on Friday.

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