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Insys Therapeutics Finally Resumes Trading

October 31, 2017

 

As reported last week, the billionaire founder of Insys Therapeutics Inc. (NASDAQ:INSY) was arrested on charges related to his participation in an alleged scheme to bribe doctors into prescribing unqualified patients the company's fentanyl-based pain drug that is intended for cancer patients.

 

As shares of INSY were halted at $5.74 per share, investors and traders have been wondering when to expect the resumption of trading. As of 10:00 AM E.S.T. today, Nasdaq has resumed trading in shares of INSY. 

 

According to Seeking Alpha, the company "announced $150M reserve to potentially settle the DOJ investigation into its Subsys marketing practices."

 

We'll be sure to update readers with updates as soon as they are available. Be sure to subscribe to one or more of our free e-mail newsletters so you never miss an important marijuana stock update. Also, don't forget to connect with The Daily Marijuana Observer on social media via Facebook, Twitter, StockTwits, YouTube, and Instagram.

 

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