Piper Jaffray Downgrades Impax Laboratories (IPXL) to Underweight
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Impax Reports Fourth Quarter and Full Year 2016 Financial Results
March 1, 2017 6:35 AM ESTFORT WASHINGTON, Pa., March 1, 2017 /PRNewswire/ --Â Impax Laboratories, Inc. (NASDAQ: IPXL), a specialty pharmaceutical company, today announced financial results for the fourth quarter and full year 2016.
Fourth Quarter 2016
Total revenues in the fourth quarter of 2016 decreased 29.7% to $198.4 million, compared to $282.1 million in the fourth quarter of 2015, due primarily to increased competition and/or lower pricing on generic diclofenac sodium gel 3%, metaxalone, fenofibrate and mixed amphetamine salts ER. The decline was partially offset by the addition of products acquired from Teva Pharmaceuticals Industries Ltd. and affiliates... More