RBC Cuts Insys Therapeutics (INSY) PT By 27%
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Insys Therapeutics Reports Preliminary Estimated Revenues from Subsys for the First Quarter 2016
April 11, 2016 6:50 AM EDTPHOENIX, April 11, 2016 (GLOBE NEWSWIRE) -- Insys Therapeutics, Inc. (NASDAQ: INSY) ("Insys" or "the Company") today announced that its preliminary estimated revenues from Subsys® (fentanyl sublingual spray) for the first quarter of 2016 will be in the range of $61 million to $62 million. Estimated revenues for the quarter reflect a decline in demand, as Subsys prescription volumes were down, as well as a reduction in wholesale inventory levels. The Company estimates the decrease in wholesale channel inventory levels to be in the range of $7 million.Â
The Company believes that heightened publicity surrounding the... More
