Here's Why Insys Therapeutics Inc. Tanked 17% in March [The Motley Fool]
INSYS THERAPEUTICS (INSY)
Last insys therapeutics earnings: 11/5 04:16 pm
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Source: The Motley Fool
A handful of threats lobbed at opioid-based drugmakers pressured shares of the pain relief specialist following a dismal earnings report. Cory Renauer ( TMFang4apples ) Apr 5, 2018 at 11:24AM What happened Investors worried sinking opioid sales haven't found a bottom yet pushed Insys Therapeutics Inc. ( NASDAQ:INSY ) stock 17.1% lower in March, according to data from S&P Global Market Intelligence . Sales of the pain relief specialist's cannabis-based products weren't nearly strong enough to begin offsetting heavy Subsys losses. So what Insys Therapeutics announced annual sales fell 42% in 2017, and a 43% year-to-year drop in the fourth quarter suggests falling Subsys sales haven't come close to bottoming out yet. Subsys is approved for the treatment of breakthrough cancer pain, but it's been suggested that up to 80% of Subsys sales in p
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