Why Insys Therapeutics’ Stock Crashed 18.5% in August

Why Insys Therapeutics' Stock Crashed 18.5% in August

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What happened
Arizona’s attorney general is suing Insys Therapeutics (NASDAQ:INSY) over its marketing of the fentanyl opioid spray, Subsys, and that news caused the company’s shares to tumble 18.5% in August, according to S&P Global Market Intelligence.

So what
Insys Therapeutics has launched its marijuana drug Syndros. However, uncertainty over demand for it and ongoing concerns regarding the marketing of Subsys remain major headwinds.

Now what
Insys Therapeutics’ shares rallied briefly after management announced a $4.5 million settlement.

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