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Stock impact report

Adamis: Overdue ZIMHI Decision Puts The Brakes On Stock's Downward Trend [Seeking Alpha]

Adamis Pharmaceuticals Corporation (ADMP) 
Last adamis pharmaceuticals corporation earnings: 11/12 04:16 pm Check Earnings Report
Company Research Source: Seeking Alpha
Adamis: Overdue ZIMHI Decision Puts The Brakes On Stock's Downward Trend Summary Adamis Pharmaceuticals has been expecting an approval letter from the FDA regarding its naloxone product candidate, ZIMHI. Unfortunately, the FDA is several days late leaving the company and investors waiting. The stock has experienced a strong PDUFA run-up but the prolonged wait has kept the share price elevated enough to break out of its extended downward channel. At this point, the FDA can either approve ZIMHI, send a CRL, or extend the PDUFA. I discuss these scenarios and how they could impact the long-term outlook for the company. Adamis Pharmaceuticals ( ADMP announced While investors continue to wait to hear ZIMHI’s fate, the battle for the share price has been underway with the stock experiencing a strong increase in trading volume and volatility over the past week. The prolonged wait for approval news appears to be putting the brakes on the downward trend that has plagued the stock for over five Show less Read more
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