INSY stock is having the worst day after Insys Therapeutics Inc. (NASDAQ:INSY)’s warning that the company was seeking bankruptcy protection after losing millions of dollars in legal payments.
Chapter 11 Expected
On Friday after the market closed, the company stated that at the end of the first quarter it had cash and cash equivalents of around $87.6 million and $240.3 million in liabilities. The company also said that it was not in a position to finalize the $150 million settlement it was supposed to make for illegal marketing of Subsys.
In a ...
Read The Full Article On MicroSmallCap.com
Get early insight on hidden secret gems on MicroSmallCap. Follow Crypto, Mining, Cannabis and Energy stocks and get free research reports here.
All content provided by MicroSmallCap is subject to our Terms Of Use and Disclaimer.