Market Overview

Insys Therapeutics Shares Fall Following Publication Of Cleveland Research Report

Related INSY
Hot Stocks Among Shorts
DoJ Takes Action On Insys For 'Unfair, Deceptive Marketing Practices' Of Fentanyl Drug
Zynerba Pharmaceuticals Undervalued Compared To GW Pharmaceuticals (Seeking Alpha)

Shares of Insys Therapeutics (NASDAQ: INSY) dropped 10 percent Thursday.

The company experienced selling pressure as news hit that Cleveland Research showed that both Express Scripts and CVS will be reviewing new drug debuts on a quarterly basis.

The research report noted that Insys' Subsys product could be excluded from sale if it doesn't add either clinical or financial value. Cleveland Research commented further saying formulary changes suggest ESRX will block Vertex's Incivek in favor of J&J/Medivir. ESRX may look to exclude Gilead's Sovaldi or other competing products in Hepatitis C once new drugs reach the market later this year.

Shares of Insys Therapeutics closed at $27.03, down 10.14 percent.

Posted-In: Cleveland ResearchNews Health Care FDA General


Related Articles (INSY)

View Comments and Join the Discussion!